Dealmaking in the digital currency space is flourishing, buoyed by strong industry growth, political backing and supportive regulation.

In the US, there are signs that crypto is about to enter a golden era following a period of restrictive regulatory policies. President Donald Trump’s second term has been heralded as a turning point for the industry, with the president pledging to stop the regulatory crackdown on crypto seen in recent years. Bitcoin, for one, reached a record high of around US$109,000 in late January, up more than 50 percent since Trump won the election. Despite a drop-off since then, the currency stood at US$90,167 in late April—35 percent higher than at the same time last…