President Trump has surrounded himself with cryptocurrency enthusiasts. This is no coincidence. In 2024, the cryptocurrency industry spent millions supporting friendly congressional candidates, many of whom were Republicans, and many cryptocurrency executives endorsed Trump. Here, we profile the most crypto-mad members of the president’s inner circle and the biggest donors to three major pro-crypto PACs: Fairshake, Defend American Jobs, and Protect Progress.
Cryptocurrency companies have felt mistreated under the Democrats. Now, with a more compassionate man in charge, the industry’s biggest donors are seeking change. They want clear rules for their business, and a say in the agency that sets those rules policies. They want Trump to fulfill his campaign promises to cement the United States as the number one Bitcoin mining power and create a “national bitcoin stockpile.” They hope that the Trump presidency will be a golden age for cryptocurrencies. In December, when the price of one bitcoin surpassed $100,000 for the first time, Trump posted online: “Welcome!!!”
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