As Trump Takes a Victory Lap, the Crypto Faithful Kiss the Ring

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As Trump Takes a Victory Lap, the Crypto Faithful Kiss the Ring - Wired

Quick Summary:

The crypto industry is celebrating the return of Donald Trump to the White House in anticipation of an easier ride under his regime.

During the 2024 cycle, crypto firms donated hundreds of millions of dollars to three crypto-friendly super political action committees (PACs)—Fairshake, Protect Progress, and Defend American Jobs—the aim of which was to support crypto-friendly congressional candidates and dislodge the industry’s most vociferous critics.

By contrast, Harris’s Democratic platform for 2024 did not include any mention of crypto, and she made only a single reference to crypto on the campaign trail, in a pitch to donors in New York City, Bloomberg reported."We will encourage innovative technologies like AI and digital assets while protecting consumers and investors.