In 2024, the cryptocurrency industry spent millions backing friendly congressional candidates, particularly Republicans, aiming to shape regulations under a Trump-led presidency.
Crypto firms felt mistreated under the Democrats, now seeking clear regulations and oversight as the industry anticipates beneficial changes under Trump's administration.
With Trump's backing, crypto executives are hoping for a renaissance in the industry, particularly desiring initiatives like a national bitcoin stockpile and dominance in mining.
As bitcoin prices soared, Trump seized the moment to declare 'YOU'RE WELCOME!!!', indicating his desire to align his presidency with the crypto industry's success.
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