Crypto Industry Seeking Political Stability in the Trump Era

Mäerz 12, 2025 By Janne Schmitz Nee Comments 3 Minutt

If you kept up with the 2025 US Presidential elections, you might have noticed that cryptocurrency had a bigger presence than ever before. Now-President Donald Trump especially worked hard to court the crypto vote, aligning himself with powerful figures in the industry and even accepting cryptocurrency for his campaign, becoming the first major candidate to do so.

A Promised Crypto Renaissance?

Now that he is back in office, the crypto industry that backed him so heavily is coming to collect on his promises—and so far, things have heated up. This is interesting because cryptocurrency use is more prevalent than ever. The number of active crypto wallets has only been climbing year on year, and with price spikes for major tokens like Bitcoin and Ether, this trend is expected to continue in 2025.

The SEC, Gary Gensler, and Lingering Tensions

First, there’s the historically rocky relationship between the Securities and Exchange Commission (SEC) and the crypto industry. A major campaign promise from Trump was to fire then-chairman Gary Gensler and replace him with someone more crypto-friendly. Trump followed through, but the industry hasn’t forgotten Gensler’s regulatory stance.

The former chair now teaches at the Massachusetts Institute of Technology. In protest, Gemini CEO Tyler Winklevoss has announced the company will not accept interns or employees from the university.

High Expectations for Trump’s Administration

Even Trump is being held to a high standard by the industry. Earlier this year, his administration’s crypto czar, David Sacks, announced a new working group to push crypto regulation forward. In the past, such news would have sparked celebration, but now, many believe regulation should move faster and be more effective.

This urgency stems from a growing awareness of how quickly progress can be stalled—or undone—by a change in leadership.

A Push for Progress While the Window Is Open

In recent weeks, Congress has heard testimonies from stakeholders who say the Biden administration unfairly targeted crypto companies, even pressuring banks to sever ties with them. Now, there’s a strong push from the industry to lock in as many gains as possible while Trump’s pro-crypto government is in power.

To its credit, the SEC has taken some reconciliatory steps, such as instructing federal regulators to pause legal action against Binance, one of the biggest targets of the previous administration.

The Road to Clarity and Growth

The current focus appears to be mending the fractured relationship between the crypto industry and regulators, while laying the foundation for long-term collaboration. Federal regulation is being proposed to define how crypto companies can operate, addressing long-standing complaints about unclear guidelines and perceived persecution.

Final Note: A Defining Era for Crypto?

The SEC acknowledges that the current issues took years to develop and will take time to resolve. Meanwhile, crypto businesses are pushing for ETF approvals, lawmakers are reviewing proposed regulations, and tokens like Bitcoin are performing well. With new projects entering the market and sentiment on the rise, this could be one of the most defining moments in the history of cryptocurrency.

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