Crypto pins hopes on reshaped SEC for deal revival under Trump
Donald Trump headed back to the White House after an election in which candidates backed by the crypto industry overwhelmingly won seats in Congress, the stage appears set for a rush of digital-asset mergers.
A half-dozen mergers advisers and venture capitalists interviewed by Bloomberg News after Trump’s emphatic victory said they expect a sharp pickup in activity next year. They cited expectations that Trump will follow through on his pledge to remove US Securities and Exchange Commission Chair Gary Gensler, who’s led a years-long crackdown on the industry, as well as for more favorable legislation.
A post-election spike in cryptocurrency prices provided a first indication that the record $135 million the industry funnelled into this year’s US political races up and down the ballot might pay off. Now, many CEOs emboldened by that reaction are likely to rely on takeovers to speed up expansion plans, according to investment bankers focused on digital assets.
“With Trump in the White House, we expect 2025 to be a much stronger year for dealmaking,” said Casper Johansen, who runs The Spartan Group’s digital-assets advisory business.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a
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