Donald Trump won the presidency, and that means crypto.

Donald Trump, the self-proclaimed celebrity of the US crypto industry, has won a second term as President of the United States.

The Associated Press has yet to call the race for Trump.The former president appeared before a crowd at the Republican headquarters in Mar-a-Lago, Florida after winning the US presidential election.

Along with a victory in the House, Republicans have secured a victory in the Senate, although counting is still ongoing.

Early in the vote count, the Republicans won the billionaire swing state of Georgia. At the end of TuesdayHe is running ahead of his Democratic challenger, Vice President Kamala Harris.

Earlier Wednesday, he secured another key state, Pennsylvania, worth 19 electoral votes.

While Trump still doesn't need 270 electoral votes to secure the presidency, it seems like a foregone conclusion in Wisconsin and Michigan.– Two key battleground states –He may push it beyond that figure.

Trump's victory has some in the crypto industry elated to deliver on his campaign promises and to be protective. interests.

“This was really the greatest political movement of all time,” Trump told the crowd as he celebrated his political comeback.

“We're going to help our country heal; we have a country that desperately needs help. We're going to fix our borders; we're going to fix everything,” Trump said.

Crypto campaign promises

Trump has made promises since his campaign. Solve the constraints On digital assets and blockchain technology companies in the US

Trump has promised to support the crypto industry by establishing a national bitcoin reserve, supporting US-based mining, opposing the US CBDC and supporting self-regulation rights.

Additionally, the family's latest venture, World Liberty Financial, demonstrates a deep commitment to the sector.

It has garnered support from industry insiders and crypto participants who say they are Unfairly targeted In a move under the Biden administration.

Trump hammered home those promises in a speech last spring. Bitcoin NashvilleIn addition to promising to fire Securities Exchange Commission Chairman Gary Gensler, the US Federal Reserve has unveiled plans to build a Bitcoin “reserve.”

On the campaign trail, Trump has pulled a lot of publicity stunts to highlight his newfound commitment to promoting and protecting crypto, which he called a “scam” a few years ago.

He gathered with Bitcoin enthusiasts in Washington DC and started to raise eyebrows DeFi platformAnd They bought a burger For fans of BTC at Bar for Bitcoiners in New York City.

The Republican's involvement with crypto earned him a slew of endorsements from prominent industry players at the start of his campaign, including former Mesa CEO Ryan Selkis and Gemini founders Tyler and Cameron Winklevoss.

X owner and billionaire Elon Musk is one of its vocal supporters.

Edited by Sebastian Sinclair