President Trump has surrounded himself with crypto enthusiasts. It’s not a coincidence. In 2024, the cryptocurrency industry spent millions supporting friendly candidates for Congress, many of whom were Republicans, and many crypto executives supported Trump. Here, we’ve mapped the most crypto-crazed members of the president’s inner circle and the biggest donors to three pro-crypto super PACs: Fairshake, Defend American Jobs, and Protect Progress.
Crypto companies felt bullied under the Democrats. Now, with a more compassionate man at the helm, the industry’s biggest donors are looking for change. They want clear rules for their business and a say in which agency oversees those rules. And they want Trump to follow through on his campaign promises to cement the US as the biggest bitcoin mining power and create a national “bitcoin supply.” They hope Trump’s presidency will be a golden age for crypto. In December, when the price of a single bitcoin soared above $100,000 for the first time, Trump posted online: “NOTHING!!!”