The first president of Bitcoin? Tracing Trump’s Crypto Connections

President Trump has he surrounded himself with crypto enthusiasts. It is not a coincidence. In 2024, the crypto industry spent millions supporting friendly candidates for Congress, many of whom were Republicans, and many crypto executives endorsed Trump. Here, we’ve mapped the most crypto-crazed members of the president’s inner circle and the biggest donors to three pro-crypto super PACs: Fairshake, Defend American Jobs, and Protect Progress.

Crypto companies feel mistreated under Democrats. Now, with a nicer man at the helm, the industry’s biggest donors are looking for change. They want clear rules for their businesses and a word in which agency will police these rules. And they want Trump to fulfill his campaign promise to cement the United States as the number one bitcoin mining power and create a national “bitcoin stockpile.” They hope that Trump’s presidency will be a golden age for crypto. In December, when the price of a bitcoin topped $100,000 for the first time, Trump posted online, “WE’RE WELCOME!!!”