Bitcoin has recently surpassed the $100,000 mark, marking a significant milestone in its price trajectory. This surge is largely attributed to a substantial rally following Donald Trump's U.S. presidential election victory. The cryptocurrency rose from $69,374 on Election Day to an all-time high of $103,713. Analysts suggest that Trump's pro-cryptocurrency stance and his nomination of cryptocurrency advocate Paul Atkins as the next SEC chair have played pivotal roles in this upward trend. Industry leaders anticipate favorable legislative and regulatory changes under the current administration, further bolstering the crypto market.
In a notable development, Trump Media & Technology Group and Crypto.com have announced the formation of a new company, Trump Media Group CRO Strategy, aimed at investing in the cryptocurrency Cronos. The venture plans to go public through a SPAC merger with Yorkville Acquisition Corp and be listed on the Nasdaq under the “MCGA” symbol. This move strengthens President Trump's connection to the crypto sector, supported by favorable industry regulations under his administration. Following the announcement, the Cronos token surged nearly 30%, and Trump Media’s stock rose by 5.2%.
The cryptocurrency industry has also significantly increased its influence in Washington by spending over $130 million on congressional races in 2024, including more than $40 million to help unseat Sen. Sherrod Brown of Ohio, a long-time critic of digital assets. Industry leaders celebrated this as a victory at the 2025 Wyoming Blockchain Symposium, acknowledging their pivotal role in electing pro-crypto candidate Bernie Moreno. With a friendlier Congress and strong backing from a Trump-led White House that supports making the U.S. a global crypto hub, legislation favorable to crypto—such as the GENIUS Act regulating stablecoins—is advancing quickly.
However, this rapid integration of cryptocurrency into mainstream politics has raised concerns about potential conflicts of interest. President Trump and his family are deeply involved in World Liberty Financial , a crypto firm they control 60% of, which has seen a surge in value since his re-election in 2024. Critics allege that Trump’s policies benefit his family’s ventures, with the $TRUMP coin becoming especially contentious. Investors were invited to a dinner attended by the president, while insiders profited significantly from fees despite widespread losses among buyers.
As the cryptocurrency market continues to evolve, it remains to be seen how these political and industry developments will shape its future. While the current trajectory suggests a period of growth and increased acceptance, stakeholders must remain vigilant to ensure that the integration of digital assets into the political and economic mainstream is conducted transparently and ethically.
