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The cryptocurrency industry is seeing the fruits of its political investments, particularly with recent support from President Donald Trump. Trump's executive orders and oversight agency decisions have become increasingly favorable toward the industry, including dropping investigations into major crypto companies and minimizing regulatory oversight on "meme coins." This reflects a significant shift since Trump's campaign promises to make the U.S. a "crypto capital."
Trump plans to launch his sons’ crypto business, 50 days before Election Day
Ethereum saw a dramatic price surge, skyrocketing from around $2,300 to over $2,900 in less than 24 hours.
The U.S. Securities and Exchange Commission (SEC) has closed its investigation into Robinhood, deciding not to pursue enforcement action. This development reflects the current administration's more lenient stance on cryptocurrency markets.