Crypto exercise in america skyrocketed in the primary half of the 12 months, apparently propelled by President Donald Trump’s controversial private and regulatory embrace of the digital asset house.
New analysis from the blockchain intelligence agency TRM Labs signifies crypto transaction quantity in the US topped $1 trillion between January and July of this 12 months, a 50% improve in comparison with the identical interval in 2024. TRM notes that crypto companies witnessed a 30% improve in US net site visitors in the six months following the 2024 election.
“What distinguishes this 12 months’s surge is not only the magnitude, however the context,” TRM Labs says in its report. “Our evaluation means that the expansion that started organically in 2023 and 2024 has been strengthened and accelerated by a mixture of political, regulatory, and structural components.”
After making grand guarantees to the digital asset world in a bid to safe donations throughout his 2024 marketing campaign, Trump appointed the enterprise capitalist David Sacks to function the White Home’s “Crypto and AI Czar.” He additionally signed an government order establishing a “Working Group on Digital Asset Markets” and installed a pro-crypto chairman of the Securities and Alternate Fee.
The SEC ended a slew of legal battles that had been kicked off towards crypto companies throughout the Biden Administration and in August launched “Project Crypto,” a roadmap designed to make the US “the crypto capital of the world.” Trump’s Division of Justice additionally announced in April that it will pull again on crypto enforcement actions.
In July, Trump signed the GENIUS Act into regulation, establishing liquid reserve necessities for stablecoins, digital belongings that purpose to remain pegged to a hard and fast value level, normally the US greenback. Stablecoin transaction quantity rose 83% between July 2024 and July 2025, based on TRM Labs.
The president has additionally made strikes to revenue personally from digital belongings, launching the “Official Trump” memecoin days earlier than he took workplace. The transfer was decried by authorities watchdogs and even some distinguished personalities in the crypto sector, with Ethereum founder Vitalik Buterin arguing that political cash represented “automobiles for limitless political bribery.” The Trump memecoin briefly surged in value across the inauguration however is now greater than 92% down from an all-time excessive set in January.
The president and his sons additionally co-founded the decentralized finance undertaking World Liberty Monetary, a enterprise that’s generated $5 billion in hypothetical wealth for the Trump household, based on a Wall Road Journal report.
