The First Bitcoin President? Exploring Trump's Crypto Affiliations

President Trump has strategically aligned himself with a cadre of cryptocurrency enthusiasts. This deliberate positioning is noteworthy, especially considering the political landscape in 2024, where the cryptocurrency sector invested substantial resources into supporting congressional candidates who shared their vision—many of whom were Republicans—and several crypto executives openly backed Trump. The following overview details the most ardent crypto advocates within Trump’s inner circle along with the major contributors to three pro-crypto super PACs: Fairshake, Defend American Jobs, and Protect Progress.

Cryptocurrency companies, feeling sidelined during the previous Democratic administration, are looking to pivot their fortunes with Trump. Prominent industry donors seek a regulatory environment conducive to their business growth, clearer guidelines, and influence over which agency enforces these regulations. They are keen for Trump to uphold campaign promises to elevate the U.S. as a preeminent bitcoin mining leader and establish a national "bitcoin stockpile." The crypto community envisions Trump's presidency as a potential renaissance for the industry. Notably, in December, when bitcoin's value exceeded $100,000 for the first time, Trump took to social media to declare, "YOU’RE WELCOME!!!"