Trump promised a crypto revolution. Why is crypto crashing? : NPR

President Donald Trump, at the time on the campaign trail seeking reelection, speaks at the Bitcoin 2024 Conference Saturday, July 27, 2024, in Nashville, Tenn.

President Donald Trump, at the time on the campaign trail seeking reelection, speaks at the Bitcoin 2024 Conference Saturday, July 27, 2024, in Nashville, Tenn.

Mark Humphrey/AP


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Mark Humphrey/AP

It wasn’t supposed to go this way for the crypto industry.

President Trump got re-elected vowing to make the U.S. “the crypto capital of the world.” Since he retook office, he has appointed regulators…

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