Trump 2.0: Crypto bet big on Trump in 2024. Can it cash in?
What’s the context?
Here’s what the cryptocurrency market – and critics who warn a hands-off attitude could prime the pump for scammers – are expecting from Trump’s presidency
- Crypto enthusiasts welcome new administration
- Consumer advocates warn against ‘house of cards’
- New regulatory clarity, Bitcoin reserve possible
RICHMOND, Virginia – After pouring record sums of money into the 2024 U.S. elections, the cryptocurrency industry is hopeful – if not certain – of a newly friendly reception from D.C. policymakers after what it perceived to be a hostile environment from the Biden administration.
Crypto-aligned interests pumped millions of dollars into campaigns for Donald Trump and pro-crypto candidates, hoping he and a supportive…
