New York —
For President Donald Trump, pivoting his personal investments and his administration’s priorities to favor cryptocurrencies has been a lucrative move. His family’s crypto venture raked in more than $1 billion last year, on top of tens of millions in income from his real estate empire, according to his latest financial disclosure.
For the crypto industry, Trump 2.0 has been more of a mixed blessing.
Trump’s re-entry to the White House accompanied a burst of enthusiasm from crypto investors. While Trump previously said crypto “seems like a scam,” he made a heel-turn during his 2024 campaign, promising to make the United States the global “crypto capital” and accepting millions in campaign donations from industry donors.
Bitcoin, the most popular crypto token and a bellwether for the sector, hit back-to-back records on Trump’s win. The surge was fueled by his promise to clear a regulatory path for the industry, which has long complained it was unfairly targeted by the Biden-era Securities and Exchange Commission.
