A wave of crypto deals worth $8.2 billion surges under Trump’s pro-crypto policies, marking a dramatic shift from previous years.

The crypto industry is witnessing an unprecedented wave of mergers and acquisitions, with deals totaling $8.2 billion since the start of 2025, a nearly threefold increase from the previous year. Analysts say the surge is due to a loosening of U.S. oversight and an air of renewed optimism in the Trump era.

Among the headline-grabbing transactions is the $3.6 billion SPAC merger of Twenty One Capital, a new Bitcoin venture led by Brandon Lutnick, son of Commerce Secretary Howard Lutnick. This follows Ripple’s $1.25 billion acquisition of prime broker Hidden Road and Kraken’s $1.5 billion purchase of futures platform NinjaTrader, one of the largest crypto-trading tie-ups to date.

“The market has shifted dramatically,” said Eric Risley, founder of advisory firm Architect Partners. “Major players are back in growth mode, and acquisitions are their weapon of choice.”

The rebound comes after years of stagnation following the FTX collapse, which triggered heavy-handed oversight. But with Trump’s return to the White House, the regulatory landscape has softened. The administration has appointed crypto-friendly officials, including SEC Chairman Paul Atkins, who recently vowed to address the “long festering issues” stifling blockchain innovation.

“The U.S. is reclaiming its role as the epicenter of crypto,” said one industry executive. “The momentum is undeniable.”

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As Bitcoin and other digital assets regain mainstream attention, experts predict the dealmaking frenzy is just beginning.