As Donald Trump marked his first 100 days as US president, the crypto industry ponders its future. Trump's tariffs have impacted the market, causing an $800 billion slump since December. Concerns about conflicts of interest have arisen due to Trump's growing crypto involvement, potentially harming the industry's reputation, especially with the emergence of different memecoins.

Jonathan Dixon of eflow Global emphasizes the importance of reputation for institutional credibility, noting that opportunistic engagement with digital assets can undermine firms building proper controls. Despite this, Trump has fulfilled some promises to the industry, including replacing Gary Gensler with Paul Atkins as SEC chair. The SEC has since dropped or halted cases against crypto companies. Trump has also initiated measures to ban a digital dollar, protect self-custody, form a regulatory crypto advisory group, and establish a Bitcoin reserve.

While some analysts anticipated a decrease in deal activity due to the market pullback, crypto projects have secured $7.2 billion in venture capital in 2025, with 88 mergers and acquisitions totaling $8.2 billion. Dominic Longman of Zodia Custody predicts a significant year for crypto M&A transactions, potentially surpassing 2024. Market experts foresee Bitcoin reaching a record high by July and potentially hitting $200,000 by year-end. The industry remains optimistic overall.

Trump's media conglomerate, Trump Media and Technology Group, is considering launching a "utility token" for its streaming service, Truth+. Meanwhile, Alex Mashinsky's lawyers are attempting to distance him from comparisons to Sam Bankman-Fried amidst the Celsius collapse fallout. Revolut is supportive of the UK's new crypto regulations despite their demanding nature.

Lastly, Quinn Thompson of Lekker Capital humorously equates different cryptocurrencies to junk food brands: Bitcoin to Chick-fil-A, Solana to Taco Bell, Dogecoin to McDonald's, and Ethereum to Burger King/Wendy's/Arby's.