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President Trump has surrounded himself with cryptocurrency enthusiasts. This is no accident. In 2024, the crypto industry spent millions supporting friendly congressional candidates, many of them Republicans, and many crypto executives supported Trump. Here, we’ve matched the members of the president’s inner circle with the most crypto and the biggest donors to three crypto-crypto super PACs: Fairshake, Protect American Jobs, and Protect Progress.
Crypto firms have been mistreated under Democrats. Now, led by a more sympathetic man, the industry’s biggest donors are looking for change. They want clear rules for their business and a say in the agency that administers those rules. And they want Trump to make good on his campaign promises to establish the United States as the largest bitcoin mining powerhouse and create a national “bitcoin reserve.” They hope that Trump’s presidency will be a golden age for crypto. When the price of a single bitcoin topped $100,000 for the first time in December, Trump tweeted “WELCOME!!!” wrote.