Since his return to the White House in January, the climate for crypto businesses has turned more favorable, with legislation passed in the summer to cover parts of the sector. Several enforcement cases were abandoned.
Trump courted industry cash on the campaign trail by pledging to be a "crypto president," while his family’s own crypto ventures, including World Liberty Financial, have helped push the sector further into the mainstream.
Days before his inauguration, Trump launched a meme coin called $TRUMP, which reached more than $14.5 billion in market value before crashing.
The White House has rejected allegations of conflicts of interest, saying Trump’s multibillion-dollar real estate, golf, media and other business interests are held in a trust managed by his children.
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