Crypto receives a quick return on Trump's investment after the financing campaign

Directors, companies and investors dealing with cryptocurrencies receive an earlier return on their own investment IN Donald Trump.

After transferring tens of millions of dollars into the Trump's presidential campaign in 2024, the cryptocurrency industry was firmly returned during his first week in the White House.

“I don't think they can imagine a better result than the one they obtained in the last 48 hours” – Bill Gurley of Benchmark, known for early plant ON Ubra– said CNBC “Closing bell” on Friday. Gurley said that although the newly discovered influence of technology in Washington may be harmful to some parts of the world of start-ups, “it is of course good for cryptocurrencies.”

The support of the industry for Trump was based on the promise of the Republican Party leader that he would stop the government's attacks on cryptocurrencies and introduce regulations beneficial for those who want to develop new types of payment technologies, while alleviating restrictions in investments in cryptocurrencies.

Heavyweight industrialists like Coin base General Director Brian Armstrong and CEO of Binance Richard Teng praise the beginning of a new era.

“We have to remember that for the last four years we have really felt as if we were attacked by this administration” Armstrong said CNBC at the annual World Economic Forum in Davos, Switzerland. Armstrong criticized the White House of Biden for an attempt to “armament of a lack of clarity in the rules”, even punishing companies that tried to be helpful.

“There were also a few bad actors, to be honest,” said Armstrong. “But they even really tried to hunt for good actors, I think like us.” Coinbase was One of the leading corporate donors In the election cycle in 2024

Bitcoin On Monday, he reached a record level of around $ 109,000 and at the end of the week oscillated around $ 105,000. It increased by over 50%from Trump's victory in the early November election.

The 48-hour episode, to which Gurley refers to, included: executive order Signed by Trump on Thursday to promote the adoption of digital resources in the USA

Trump called the members of the Treasury Department, SEC and Commission for Trade Trade of Term District Companies to connect forces in the working group to assess the potential for collecting cryptocurrencies inventories taken over by the government.

The regulation outlives other key priorities, such as the protection of Bitcoin miners and software creators against what the president called “persecution” and promoting stable coins associated with the American dollar, while prohibiting the use of a digital dollar from the federal reserve.

High risk capital investor David Sacks, who Trump daft To be a White House and cryptocar, he joined the president in an oval office to sign an order.

On Thursday, SEC issued a breakthrough statement: withdrawal The accounting principle, which hindered the institutional reception of cryptocurrencies, forcing banks to treat bitcoins and other tokens as commitments in their balance.

The principle, known as SAB 121, was introduced in 2022 and covered digital assets with rigorous capital requirements. This also raised the financial and regulatory risk related to offering cryptocurrency storage services and increased operating costs for financial institutions.

Efforts to overthrow SAB 121 gained supra -party support in Congress last year. But then President Biden He vetoed the proposed regulations, leaving this principle intact, which further discouraged banks from accepting digital assets going beyond trading in derivative instruments and offering funds being the subject of stock market trading to property managing clients.

This move was praised by Commissioner Sec Hester Peirce, who on Tuesday He was chosen to manage a new “cryptographic task group” at the agency.

“Goodbye, SAB 121! It wasn't fun, “Wa wrote write to x.

Before the announcement of SEC Goldman Sachs Director General David Solomon he said CNBC in Davos stated that from a regulatory point of view the bank cannot have bitcoins and that it will consider this issue again if the rules change. CEOs of companies Morgan Stanley AND America's bank He also said that the procryptographic tone of President Trump could change their plans and potentially lead to the extension of the digital offer.

A few days earlier, Gary Gensler gave way to the chairman of SEC. Gensler, who emerged as an opponent of the cryptographic industry, defended this principle as necessary to protect investors in the case of bankruptcies of cryptographic companies. Trump elected as Gensler's successor is a former SEC Commissioner Paula Atkinswho is currently the general director of PATOMAK Global Partners.

On TuesdayOn the second day of office, Trump gave full pardon to Ross Ulbricht, the founder of the Silk Road. Ulbricht (40 years) is serving a life sentence without the possibility of conditional release from 2015, after he was convicted by a federal court based on seven allegations that covered Drug distribution and plotting to break into the computer.

Silk Road operated from 2011 to 2013, serving as a market in a dark network where users bought and sold various types of smuggling, including illegal drugs such as heroin. Platform enabled sales worth over $ 200 millionAccording to federal prosecutors and was associated with the death of at least six people.

At the peak period, the silk trail operated as a global drug bazaar, where the transactions took place mainly in bitcoinswhich makes him one of the earliest uses of large -scale cryptocurrency. Prosecutors later argued that the anonymity provided by Bitcoin played a key role in enabling Silk Road sellers to mask their identity.

Ulbricht became a kind of cult hero in the cryptographic community, and “Free Rossa “ The movement gained a resonance among conservative media personalities and politicians.

“I just called the mother of Ross William Ulbricht to inform her that in honor of her and the Libertarian movement, who supported me so much, I was pleased to sign the full and unconditional pardon of her son Ross,” he added. Trump wrote In Tuesday's post at Truth Social.

Changpeng Zhao, co -founder of the billionaire and former director of Binance, commented on X with the clarifying emoji after pardoning. Zhao was convicted In April, for four months in prison after admitting the allegations to allow money to be laundered on your cryptocurrency exchange.

Most importantly, the president played in the part of the market known for fraud. Last weekend, when cryptocurrency leaders and family members and the nearest circle of Trump partyed in Crypto-kula In Washington, the meme coin $ Trump has gained popularity on the Internet.

Then the $ Melania coin appeared. To sum up, the Trump family earned billions of dollars on paper thanks to having assets created from the air. Cryptocurrency enthusiasts are afraid that this is a disturbing sign of Trump's true intentions and harms the credibility of the industry that tries to prove its legality.

“Name me old -fashioned, but I think that presidents should focus on managing the country, not on the introduction of false tokens,” wrote nothing Carter from Castle Island Ventures in post on X.

The website For $ Trump claims that 80% of deliveries are in the possession of the Trump organization and its branches.

Legislators also have reservations.

Senator Elizabeth Warren and Republican Jake Auchincloss, both Democrats from Massachusetts, raised issues regarding the first pair of their positions to get rich, as well as the possibilities of fraud like “pulling out the rug”.

“We write with a deep concern by the decision of President Trump and the first lady of Melania Trump about the introduction of two meme coins, $ Trump and $ Melania, which allow them to make extraordinary profits during his presidency” – the couple said in a letter received by cnbc.com. “These coins do not create new, faster, cheaper and safer payment railways. These coins do not help people borrow cheaper. They do not improve the financial system in any way from the consumer point of view. ”

The price of $ Trump is currently below $ 30, which means a decrease by more than 50% compared to the summit shortly after the premiere. The $ melania token has fallen by more than 80% from its maximum and is currently listed below $ 2.50.

Meme coins are subject to a long -term schedule for acquiring permissions, which guarantees that most tokens cannot be liquefied at once. Without selling any tokens, previously Coin base Executive director and cryptocurrency analyst Conor Grogan estimates that The Trump team generated $ 58 million on the first day.

Skepticism is not limited to meme coins.

In Thursday's ordinance, Trump did not order the United States directly buying Bitcoins and keeping him as a reserve.

Before ordering, the CEO of Binance Richard Terest said CNBC in Davos that he expected the United States to create a strategic Bitcoin reserve. Circle General, Jeremy Allaire, called the “reasonable” maintenance of Bitcoins reserves by central banks.

Trump released this idea for the path of the campaign, suggesting that the American Bitcoin Reserve can be secured by cryptographic assets taken over from hackers and fraudsters, which remains considered.

However, in his Thursday ordinance consisting of 1300 words, Trump not only avoided calling to create a Bitcoin reserve. Bitcoin's word could not be found anywhere.

– Ryan Browne from CNBC contributed to the creation of this report.