Crypto industry gets quick return on Trump investment after pouring millions into campaign

Crypto executives, companies, and investors who heavily supported Donald Trump’s 2024 presidential campaign are reaping the rewards during his first week in office. Trump’s promises to ease regulations on cryptocurrencies and payment technologies have led to a surge in industry support, with figures like Coinbase CEO Brian Armstrong and Binance CEO Richard Teng praising the new administration. Bitcoin reached a record high of $109,000 and rose over 50% since Trump’s election victory in November, signaling a positive outlook for the industry under his leadership.

Full Article