Donald Trump is increasing his enthusiasm for cryptocurrency. As a result, this move may herald a dramatic shift in U.S. policy indeed, should he retake the White House. This embrace goes far beyond simple rhetorical flourishes, involving real financial investments, policy-reads, and strategic alliances in the crypto world.
Trump recently hosted prominent investors in his $TRUMP coin at a private dinner at his golf course outside Washington, D.C. This latest convening is a clear sign of his expanding outreach to the digital asset community. Trump Media is expected to raise additional capital before making a big investment. They intend to acquire $2.5 billion of this in Bitcoin which would create corporate Bitcoin treasuries.
Deepening his bad faith further, Trump is said to be planning key personnel moves that would benefit the crypto industry. His campaign promise to fire Gary Gensler, the current Securities and Exchange Commission (SEC) Chair, highlights his intent to reshape the regulatory landscape. On top of all that, Trump is reportedly about to fire a lot of the key regulators whose job it is to oversee cryptocurrency.
For one thing, the Trump family’s involvement in the crypto space goes beyond the former president himself. The Trump family has already released two different meme coins, deepening their brand’s entrenchment within the digital currency ecosystem. Recently, they publicized a controlling interest in a new crypto company, World Liberty Financial. Donald Trump’s sons to crypto’s rescue American Bitcoin—a Trump family-connected crypto-mining company—has directly lined Donald Trump up in this fight.
Trump Media is similarly boosting “Made in America” crypto investment funds. Besides strengthening national security, this initiative promotes a preference for domestic crypto ventures, thus dovetailing with Trump’s overall economic nationalism.
Policy changes during a hypothetical Trump administration would make these very same changes even more of a boon to the crypto-industry. The Department of Labor has already eased a Biden-era guidance that made it difficult for Americans to invest their 401(k) plans in crypto. With this move, they are signaling a new, more permissive regulatory environment.
Key speakers including Vice President J.D. Vance, Donald Trump’s sons and former White House crypto czar David Sacks have graced the stage. They persist in making the extremely effective cogger between Trump and the crypto world. These addresses use scare tactics to make it seem like Trump and crypto are inherently aligned.
Trump’s interest in crypto goes beyond personal gain, including larger policy concerns. His crypto ambitions seem to be both more far-reaching and more immediately public-policy-related than just a desire to stoke his own meme coins. This news comes as a potential Trump administration is already considering dropping over a dozen lawsuits and investigations against crypto firms.
Adding to this confluence is the fact that Trump’s financial interests are directly tied to the crypto market. His personal net worth is even more increasingly tied to crypto assets. Trump’s brother Eric is supported by American Bitcoin, which is set to go public via a reverse merger with SBTech.
Don Jr. has praised crypto for being in sync with bigger ideological goals.
"We view bitcoin as an apex instrument of financial freedom." - Devin Nunes, CEO of Trump Media
Don Jr. has also commented on the alignment of crypto with broader ideological goals.
"What's going on here in this very room, at this very conference, that's the financial side of everything we've been fighting for on the free-speech side." - Don Jr.
