The recent U.S. elections campaign brought surprises and drama on multiple fronts, even before the results came through.

However, one standout trend emerged as an outlier: crypto has moved from the fringes to the heart of the electoral stage. Moreover, the community has become a key demographic, heavily courted throughout this election cycle.

The Race for the Crypto Vote

The most vocal crypto advocate among the initial candidates was RFK Jr., who positioned himself as a crypto ally from the start. I witnessed his eagerness to court the crypto vote when I heard him speaking at the latest Consensus conference in Austin and saw his campaign truck, manned by activists, parked there throughout the event days.

Kamala Harris, on the other hand, largely bypassed the crypto debate. Her campaign showed minimal engagement with the crypto industry, perhaps influenced by key figures in her party like Elizabeth Warren. Only closer to election day did Harris make general remarks about “encouraging innovative technologies,” including digital assets—a gesture many dismissed as “too little, too late.”

As for the winning candidate, Donald Trump’s stance on crypto was a surprising development for those who remembered his earlier statements, such as labeling crypto as a “scam.” In the 2024 election cycle, Trump emerged as a “crypto president,” enthusiastically rebranding himself as a supporter of Satoshi’s vision. This transformation peaked with his appearance at the Bitcoin conference in Nashville.

This sharp divide in stance between the front-runners—accentuated by RFK Jr. joining Trump’s team—presented a clear landscape for the crypto community: Trump’s bullishness contrasted with Harris’s reticence. This dichotomy reflected a correlation between Trump’s polling status and Bitcoin prices.

Now that Trump won, the real question looms: will this crypto-friendly rhetoric translate into policy or was it simply a campaign strategy to woo previously hard-to-reach voters?

Red Wave, Green Market

With Trump’s win, it’s no surprise that crypto