President Trump has surrounded himself with cryptocurrency enthusiasts. That's not a coincidence. In 2024, the crypto industry spent millions backing friendly congressional candidates, many of whom were Republicans, and many crypto executives supported Trump . Here, we mapped the most crypto-passionate members of the president's inner circle and the largest donors to three pro-crypto super PACs: Fairshake, Protect American Jobs and Defending progress.
Cryptocurrency companies feel persecuted under the Democrats. Now, with a more sympathetic leader in power, the industry's biggest sponsors are looking for change. They want clear regulations for their business operations and a say in which agency manages those regulations. And they want Trump to fulfill his campaign promises to cement the United States as the leading bitcoin mining power and create a national “bitcoin reserve.” They hope Trump's presidency will be a golden age for cryptocurrencies. In December, when the price of a single bitcoin exceeded $100,000 for the first time, Trump posted online: “WELCOME!!!”