Trump’s crypto ‘reset’ cheered by industry calling for more regulatory clarity

US crypto investors contributed millions of dollars to Trump’s election victory and did not conceal lingering contempt for Biden at Consensus

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Donald Trump, who was then Republican presidential candidate, gestures at the Bitcoin 2024 event in Nashville, Tennessee, on July 27, 2024. Photo: Reuters

Published: 12:44pm, 15 May 2025

The start of President Donald Trump’s term earned rave reviews at the world’s leading crypto conference on Wednesday, but top industry lawyers said digital platforms wanted regulatory clarity while the Republicans control Congress.

“Across the board, it’s been a very encouraging three months,” said Lewis Cohen, a lawyer specialising in digital assets with the New York firm Cahill Gordon & Reindel.

Cohen was speaking at Consensus, the world’s longest-running crypto conference, hosted this year in Canada’s largest city, Toronto.

Trump’s son Eric, who is promoting his own crypto business, is expected to address the conference on Thursday amid increasing questions about potential conflict of interest with his father in the White House.

Eric Trump is deeply involved in the crypto industry through direct business ventures, notably as a co-founder and executive at American Bitcoin, as well as through family-backed projects like World Liberty Financial and the $TRUMP meme coin.

The digital currency saw a spike in value when it announced that its top holders would be invited to a dinner with the president, set to take place on May 22 at the Trump National Golf Club near Washington.