Crypto Craze Ignites Surge in Washington and Wall Street Following Trump’s Re-Election
WASHINGTON, D.C. — The cryptocurrency phenomenon is sweeping across Washington and Wall Street with unprecedented momentum, fueled largely by renewed political support and major regulatory shifts in the United States. As bitcoin enthusiasts gather in record numbers and landmark legislation is signed into law, the digital currency market is entering what experts are calling a “Golden Age.”
Earlier this year, Las Vegas hosted Bitcoin 2025, the largest-ever gathering of bitcoin supporters and investors, attracting more than 35,000 attendees including high rollers, entrepreneurs, and crypto true believers. Michael Terpin, a prominent crypto entrepreneur, underscored the optimism at the event: “Your goal should be to own at least one bitcoin, because by the time you retire, that can be worth 20, 30 million.” Another attendee, Guy Malone, shared a philosophical view, stating, “You can’t change the Bible; it changes you. The same is true of bitcoin.”
One of the pivotal drivers behind the growing enthusiasm is the re-election of President Donald Trump, who many in the crypto community view as the ultimate champion for digital currencies. Vice President JD Vance addressed the Bitcoin 2025 crowd, proclaiming, “I’m here today to say loud and clear, with President Trump, crypto finally has a champion and an ally in the White House.”
The Trump administration’s supportive stance is reflected in landmark policies such as the recently signed Genius Act, enabling major corporations like Wal-Mart and Amazon to issue their own digital currencies. This legislative milestone marks a critical step in mainstream adoption, signaling that digital currencies are moving beyond niche investment assets toward broader economic integration.
Moreover, Washington is actively debating a bill aimed at regulating cryptocurrency trading for the first time, following an unprecedented $167 million spent by the crypto industry backing pro-crypto candidates during the previous election cycle. This regulatory effort seeks to establish clearer rules and security for investors as cryptocurrency becomes more entwined with traditional financial markets.
Despite the enthusiasm, caution remains. Amanda Fischer, a former senior official at the Securities and Exchange Commission (SEC), highlighted the inherent volatility and speculative nature of cryptocurrencies: “You could think of it as gambling, you could think of it as a collectible, you could think of it as a type of investment. But I think what’s important to understand is that crypto is highly volatile. It’s highly speculative.”
Wall Street, meanwhile, is increasingly embracing crypto assets and tokenized real-world assets (RWAs). Research from Bitwise Investments predicts 2025 will be a breakout year for crypto, with bitcoin expected to soar above $200,000 and tokenized assets surpassing $50 billion in value. Coinbase is set to join the S&P 500, while MicroStrategy will enter the Nasdaq-100, bringing crypto exposure into mainstream portfolios. Anticipated federal regulatory changes could also enable billions of dollars to flow into crypto assets through 401(k) retirement accounts[1].
The intersection of crypto with established finance has led to innovations such as decentralized financial software systems and potentially a range of super apps offering staking, lending, and stablecoin services without the complexities of multiple licensing regimes. This could further catalyze the reshoring of digital financial innovation in the U.S.[3].
As crypto continues to integrate into the mainstream financial ecosystem, both opportunities and risks abound. Industry leaders and policymakers alike recognize the transformative potential of cryptocurrencies while urging prudence due to market volatility and regulatory uncertainties.