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– Elsewhere, while cryptoassets were a major campaign theme and a recurring point during Donald Trump’s second term, his actual results have been mixed.

To begin with, the market capitalization of digital assets declined by more than $1 trillion, from $3.45 trillion to $2.44 trillion, between January 20, 2025, Inauguration Day, and May 28, 2026.

Total crypto market capitalization on a 5-year chart.

Bitcoin, the world’s leading cryptocurrency, also fell 28.53% from $102,573 to $73,307 over the same period.

However, it is worth noting that BTC reached a new all-time high (ATH) of around $125,000 and the total market capitalization of digital assets reached $4.15 trillion in the billionaire’s first year in office.

Notably, the previous multi-year highs of $68,742 and about $3 trillion, respectively, were recorded in 2021, during the administrations of President Joe Biden and SEC Chairman Gary Gensler, while the last bull market, which either ended or paused at the end of 2025, also began under the previous administration.

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Turning to realpolitik, President Donald Trump’s administration is pushing for comprehensive and industry-friendly legislation. In May, the Senate Banking Committee passed the Clarity Act and the U.S. Securities and Exchange Commission halted numerous investigations and actions against the sector.

However, it is worth noting that the regulatory framework for cryptoassets in the U.S. is far from complete and, in fact, has already been delayed several times, and the version presented in early 2026 has caused sharp disagreements between prominent industry players such as Charles Hoskinson of Cardano (ADA), Brian Armstrong of Coinbase and Brad Garlinghouse of Ripple.

In addition, despite the progress, President Trump is also fueling controversy around digital assets.

The first sign of the controversy was the appearance of a series of meme coins linked to his personality immediately after his inauguration – a bad investment by most accounts, except for the traders who bought them for the sole purpose of owning digital keepsakes and the issuers themselves.

Official chart of Trump’s price throughout history by the end of May 2026.

Perhaps more controversial has been the widespread adoption – and deep integration of the Trump family – of prediction markets, which rely heavily on crypto-assets on the one hand and are widely seen as a form of gambling on the other, despite the platforms’ attempts to make a clear distinction.