Letting crypto loose is a mistake banks will watch happen

Trump bitcoin
President-elect Donald Trump

Bloomberg News

President-elect Donald Trump made a bit of a gamble when he decided to throw his weight behind cryptocurrency during the 2024 election. Crypto — a marketplace/casino built around the promise of still-emergent blockchain technology — has attracted a base of users, investors and supporters whose interests are primed to embrace the kind of radical, disruptive change that Trump has envisioned for the federal government, and so it would make sense that a modest investment of supportive overture could pay off in the form of votes. 

There’s no real way of knowing whether or to what degree crypto policy tipped the scales in the 2024 election — it’s a big issue for a relatively small number…

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