Six months after Donald Trump’s return to the White House, one thing is clear: the biggest winners are not oil leaders or Wall Street bankers. They are crypto bros.
Yes, the same industry that melted in 2022 – making the Crypto Exchange FTX, its “visionary” CEO Sam Bankman Fried (now 25 years in prison) and billions of investors’ money – is suddenly back. Stronger. Rich. And more politically powerful than ever.
It’s because Crypto didn’t just bet on Trump. He funded it. And now this investment is bearing fruit.
Trump says he built Crypto. The industry leaves it
At a press conference on June 27, Trump made an astonishing assertion: “I am president, and what I did was build a very important industry.” He then declared Crypto as a “strategic industry”, the kind of thing that America must dominate to beat China.
To skeptics, it is a classic Trump bombardment. But inside industry, it’s music. Having a president who openly defends technology, welcomes cryptographic companies in the White House and reports green fires through the government is exactly what they wanted. And it works.
List of wishes from the Congress of Crypto? Mainly granted
Since January, the cryptography industry has accumulated a series of legislative and regulatory victories which seemed impossible two years ago.
1. The genius act
Adopted by the Senate this spring, this radical bill legalized and regulates stabbed, a type of cryptocurrency set for traditional money as the US dollar. Stablecoins are the big change of brand of the crypto: they are less casino, more savings account. They promise “stability” in a market known for volatility. This law gives them federal legitimacy, opening the door to banks, credit cards and even mortgage lenders to use them.
2. The American crypto reserve
A new program supported by the Treasury which will store major cryptocurrencies like Bitcoin and Ethereum as a strategic asset, as well as the gold and foreign currency reserves.
3. REFURANT SEC
Finished Gary Gensler, the Biden era regulator hated by industry to pursue cryptography proceedings. In is Paul Atkins, who has sworn to create “clear and rational” rules, in particular around the guard (which holds your pieces), the program and the application of fraud. It also supports self -sufficiency, which means that people can keep their crypto in private wallets, outside the banks.
4. Mortgage reform
The Federal Housing Finance Agency now explores if cryptographic assets like Bitcoin can count as proof of wealth in mortgage requests.
All of this happens under Trump’s watch.
Wall Street is back on the channel
With regulations finally catching up, the cryptography market is booming.
- Bitcoin is negotiated just below $ 111,000, a new summit of all time
- The entire cryptography market is now worth 3.4 dollars, compared to less than 1 dollars billion at the start of 2023.
- Circle, the Stablecoin issuer, has just had a successful IPO, from an evaluation of $ 6 billion to $ 43 billion in weeks.
- Coinbase, Robinhood and Microstrategy have all seen their stocks increase.
Stablecoins are the crypto Trojan horse
Let’s be honest: most people associate the crypto with pump and rescue parts, monkey jpegs or Elon Musk tweets. The stablecoins are different. They are fixed to the dollar and designed so as not to swing wildly in value. Consider them as Paypal with a blockchain backend. This is why great players all experience stablescoins for payments. This is also why the legislators embrace them.
The NFTs were a joke. Stablecoins are serious.
But the casino has not closed
Despite the brilliance of legitimacy, the crypto always crawls with pieces even and scams.
Thousands of new parts are launching every month. According to Coingecko, there are 17,533 cryptocurrencies listed at the time of the editorial staff. Some are soaring price, disappear during the night and leave no trace. Others are pure and simple fraud. In 2024, cryptographic scams led to $ 5.8 billion in reported losses, according to the FBI.
A recent investigation by the Ministry of Justice has seized $ 225 million linked to the “pork butcher” regimes, long -term scams that drain the victims over time using false cryptographic investments.
And AI only makes them more difficult to spot.
Follow the money
This new era of gold did not occur by accident.
Cryptographic companies and Super PACs spent more than $ 180 million during the 2024 electoral cycle, which exceeds all other industrial groups. Their CAP, Fairshake, helped elect dozens of Pro-Crypto legislators.
Now they have a president who makes the favor. Trump not only rents industry, his sons are actively investing, tokens with mining operations. As long as he is in power, Crypto has a seat at the table.
Our grip
The crypto has a moment. The regulations are finally friendly. Investors are confident. And the White House is all all.
But the largest enemy in the industry is still. The crypto has a pattern: boom, media threshing, crash, repeat. If he wants to be treated like Wall Street, he must leave the casino behind and clean his scams.
Right now, he’s on his back. And for once, this wind comes from Washington.
