Crypto industry descends on Dubai as Trump euphoria recedes
Crypto enthusiasts descended on Dubai on Wednesday, gathering under the Gulf’s scorching sun and hoping the industry’s buoyant mood can keep going despite signs the euphoria around Donald Trump‘s crypto stance is ebbing. Speakers at the two-day event in the desert city include chief executives at some of the world’s major crypto firms, the head of digital assets at BlackRock and Goldman Sachs, as well as the U.S. president’s son, Eric Trump, who is set to take the stage on Thursday.
Once a crypto sceptic, the U.S. president has vowed to support the industry by easing regulatory curbs and has even launched his own cryptocurrency, in a turnaround for the industry after a series of crypto company collapses in 2022.
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