The US crypto industry is experiencing a significant shift under the new administration, led by President Trump. A decade ago, cryptocurrencies were viewed as a fringe investment with high risks, but today they are gaining mainstream acceptance.
President Trump’s administration has taken a radical stance in embracing and promoting crypto. Financial regulators, lawmakers, and even the Oval Office have become more supportive of the industry. As a result, top crypto companies like Coinbase are emerging as big winners.
Coinbase is set to join the S&P 500, marking a historic moment for the industry and cementing its position as a major player in traditional markets. The company’s inclusion in the S&P 500 is seen as a sign of crypto’s growing legitimacy and acceptance.
However, critics warn that this shift could lead to a financial crisis similar to the one experienced in 2008. They point out that cryptocurrencies have a history of high volatility and are often used by predatory firms to exploit vulnerable communities. The companies that promote these investments often reap the benefits while others bear the losses.
The situation is also personal for some, as they had worked tirelessly at the SEC to regulate the industry. Now, their efforts seem to be being erased in favor of a more permissive approach.
Despite the concerns, crypto companies like Coinbase are reaping the rewards of this shift. The company’s CEO, Brian Armstrong, sees Coinbase’s inclusion in the S&P 500 as a sign that crypto is here to stay and will soon become part of everyone’s 401(k).
As crypto becomes increasingly mainstream, President Trump stands to benefit directly from his own meme coin. His launch sparked controversy within the industry but has also generated significant attention and investment.
Ultimately, the future of the US crypto industry remains uncertain, with both proponents and critics warning of potential pitfalls. However, one thing is clear: the industry’s shift towards greater mainstream acceptance will have far-reaching consequences for investors and policymakers alike.
Source: https://www.npr.org/2025/05/19/nx-s1-5380228/crypto-trump-coinbase-sp500-regulation