How Trump’s crypto winnings undermined the industry’s push for looser regulation

The crypto industry scored a series of wins in 2025, only to see its top legislative goal fail in 2026.

By: Lee Reiners, Duke University, The Conversation

Outlets: The Conversation

Published: September 24, 2026

Words: 1,408

Last Updated: 1 week ago

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By Lee Reiners, Duke University

The crypto industry has just suffered a paradoxical defeat: Its biggest backer, President Donald Trump, inadvertently helped scuttle chances for a major legislative win thanks to revelations of the riches he and his family have made off of their crypto ventures.

The industry is now scrambling to advance its agenda through crypto-friendly regulation instead of legislation. But the prospect of Democratic control of one or both chambers of …

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