President Trump benefits from his switch to ‘crypto President,’ WSJ says

The success of $Trump is one example of the president benefiting from an industry his administration regulates, an industry he was originally a strong critic of, Rebecca Ballhaus, Josh Dawsey, and Eliza Collins of The Wall Street Journals. Trump has recently dismissed over a dozen cases against crypto companies, with executives in the industry seeing this as evidence of its liberation from regulators threats under the Biden administration. Additionally, Trump collected over $50M in donations for his inaugural fund and related groups between the election and the inauguration, people familiar with the meeting between the President and crypto companies. Publicly traded companies in the cryptocurrency space include Bit Digital (BTBT), Bitfarms (BITF), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings (MARA), MicroStrategy (MSTR), Riot Platforms (RIOT), Stronghold Digital Mining (SDIG) and TeraWulf (WULF).