Crypto's Million Dollar Gamble: Funding Trump's Campaign

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Major cryptocurrency companies made substantial donations to Donald Trump's presidential campaign. Following his election, Trump issued an executive order creating a cryptocurrency working group and providing regulatory clarity beneficial to the industry. This positive regulatory action is seen as a direct result of the industry's financial support. The resulting increase in Bitcoin's price reflects the crypto community's optimism about the future under Trump's administration. This case highlights the impact of political contributions on regulatory decisions within the cryptocurrency sector.