The crypto industry is beginning to see a return on one of its most prescient investments: Donald Trump. That kind of sway is exactly what crypto executives — who poured tens of millions into Trump’s election, loudly proclaimed their support for him, and contributed to his inaugural fund — paid for. After a four-year struggle with the Biden administration over crypto policy, the industry is finally seeing the US government adopt policies it’s long asked for. This distinction was a sore point for the crypto industry during the previous administration, to the point where previous SEC Chair Gary Gensler was lambasted as a symbolic bogeyman for all of crypto. Trump successfully courted crypto money for his campaign on the promise that he would fire Gensler, and now the industry is seeing high dividends on this investment.