‘Almost’ Everyone in Crypto’s a Winner in a Second Trump Administration
- Delayed crypto IPOs may finally make progress under Trump
- Overseas firms will see less market share as US peers thrive
A Bitcoin sign at a bar in New York.
Photographer: Michael M. Santiago/Getty Images
Bitcoin miners and crypto companies that have been stonewalled in efforts to go public in the US may ultimately be the biggest winners in the digital-asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share may end up being the biggest losers.
That’s the view taking hold among market participants and observers in the wake the former president’s growing embrace of crypto while the odds of his election rise. While a poll released Thursday by CBS News showed Trump with a majority — 52% — of likely voters in a probable rematch with President Joe Biden, it is unclear who will be on the ballot in November. On Sunday, Biden said he will not seek reelection and endorsed Vice President Kamala Harris to become the Democratic nominee.