Inside the crypto industry’s Faustian bargain with President Trump
The encryption industry found its hero in Donald Trump. Trump was once suspicious of Blockchain, it adopted the sector after companies such as Coinbase and Ripple donated tens of millions of dollars to elect the candidates who support rental during the last electoral cycle. Trump has started to adopt points rarely heard outside the Crypto Twitter, such as the call to the end of “Operation ChokePoint 2.0” and the release of the founder of Silk Road Ross Ulbricht Road – which is amazingly after referring to Bitcoin as a “fraud” just a few years ago.
It is fair to say that for most of the business world, the first few months of the Trump administration were not mistaken according to the plan. After numbers from Mark Androns to Bill Akman announced that the new term will lead to a golden age of economic activity, Trump’s insistence on his comprehensive introductory agenda has led to a screaming. Lina Khan Bouji Bouji Bouji cannot dream of existence, an effective pause for acquisitions.
The encryption is still a noticeable exception to chaos. Trump has been able to fulfill all his promises to his campaign, to create a strategic government reserve carrying bitcoin that was seized from law enforcement operations to pardon “Pirates” Olbrecht, who was spending two lifetime – in a Libertary tube dream. Meanwhile, the main parliament committees and elders have developed draft laws to create stablecoins regulations, a type of cryptocurrency backed by dollar. The ambitious legislation that will reform the stock system to allow encryption activity is not too far.
In the midst of this agenda, David Sachs is the heavy weight that Trump used as a candidate in Congress, and Bo Henz, a 29 -year -old candidate for Congress, twice. The bags, although they were necessarily unknown to its encryption investments, were well prohibited before appointment. Heinz, though, was a complete surprise for almost everyone.
Jessica Matthews has a new profile about Hainz. The motivation was getting his evaluation by requesting freedom of information, who revealed that Heinz had met with almost every important personality in the encryption industry during his first few months in the Trump administration, from Chris Dixon from A16z and Marc Andron to Bny Mellon Caroline Petr.
We have had the opportunity to meet Hainz in the capital near his office next to the White House, where the former college of football explained his journey to the volatile industry and its main role that works as a communication link between each interest group, from companies to the organizers to Trump himself. We also have new details about Trump’s Henz relationships, including the investment and marketing company that donated a million dollars of political advertisements to SUPAR PAC, which associated with Trump weeks before the elections.
But despite the progress of the Trump encrypted strategy, which is sponsored by Heinz, there is an issue of waving on the cost. The most dependent obstacle for the sector persuade the public that encryption is not a fraud. Trump’s launch of his MIMON at the weekend before its opening, which has since decreased about 90 %, has not inspired any confidence. Not to mention his global project, Liberty Financial, which suffers from concerns about conflicting interests.
The last economic rapprochement resulting from the Trump tariff plan has increased progress in the encryption industry. Bitcoin has largely abandoned any promise to work as an alternative investment for traditional stocks, the planned subscription subscriptions are left for coding companies such as Circle in LURCH, and the largest public company, Coinbase, has witnessed its decrease by 40 % since the opening of Trump.
Trump is undoubtedly the first president in the United States. But while the encryption industry was hoping to give them respect for traditional financing, the real result may be that everything else is coded now when it comes to volatility. So, like it, and in the meantime, read our advantage on Bo Hines.
Leo Schwartz
x: leomschwartz
Email: leo.schwartz@fortune.com
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This story was originally shown on Fortune.com
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2025-04-14 10:40:00
