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This is a Reuters Breakingviews prediction for 2026.
LONDON, Dec 22 (Reuters Breakingviews) - When fraudulent cryptocurrency exchange FTX collapsed in 2022, unleashing turmoil in digital-asset markets, no one in the White House thought it was their problem. The administration of President Joe Biden viewed bitcoin and other blockchain-based assets with suspicion, while watchdogs studiously maintained a firewall between the volatile crypto business and mainstream financial institutions.
The setup couldn’t be more different heading into 2026. Donald Trump and his family are deeply enmeshed with crypto. A loss of confidence in a major stablecoin could impair the U.S. Treasury market. If another FTX-style meltdown happens in the coming year, expect the current occupant of the Oval Office to step in.
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