Crypto Deals Surge to $8.2 Billion Under Trump Administration

A wave of crypto deals, worth $8.2 billion, has emerged as a supportive White House regime fosters a new climate for digital assets. Recently announced deals include a $3.6 billion SPAC merger with Twenty One Capital, alongside Ripple’s $1.25 billion acquisition and Kraken’s $1.5 billion deal. This trend marks a significant rebound in the crypto market, which had been stalling post-FTX crisis, signalling a potential resurgence in innovation and confidence for the industry.

A significant surge in cryptocurrency transactions is being reported as a more crypto-friendly administration leads the charge. According to a recent piece from The Wall Street Journal, these digital asset megadeals are taking place amid the relaxation of U.S. regulations, which is expected to draw more mainstream interest in the industry. The article emphasises how these developments come at a pivotal time for cryptocurrencies.

One noteworthy deal this month is the formation of Twenty One Capital, a new bitcoin venture planning to go public via a massive $3.6 billion merger with a special purpose acquisition company (SPAC) led by Brandon Lutnick, whose father is Commerce Secretary Howard Lutnick. This move is part of a broader trend, with many large transactions emerging in the sector, signalling renewed investor confidence.

The report also highlights that April witnessed Ripple’s acquisition of prime broker Hidden Road for a hefty $1.25 billion. Furthermore, in March, Kraken secured a $1.5 billion deal with futures broker NinjaTrader—one of the most substantial partnerships between crypto firms and traditional finance, according to WSJ.

Since the start of 2025, advisory firm Architect Partners noted that crypto businesses have completed 88 deals totalling a staggering $8.2 billion. This figure marks a substantial increase, almost tripling transaction values compared to all of 2024, where there were a total of 188 deals.

Eric Risley, Founder of Architect Partners, expressed an upbeat outlook, stating, “There’s optimism that finally things changed.” He noted that bigger, established players in the crypto arena are now eager to pursue growth through acquisitions as they adapt to the shifting market landscape.

Previously, crypto deals had seen a downturn following the collapse of the FTX exchange, leading to a more cautious market with heightened regulatory scrutiny. However, since Donald Trump resumed his presidency, there has been a notable shift in attitudes towards digital assets.

The new administration has appointed pro-crypto regulators and aims to establish the U.S. as a dominant force in the bitcoin space. Concurrently, the Republican-led Congress is drafting a framework for digital asset regulations, indicating a promising future for the industry.

At the forefront is SEC Chairman Paul Atkins, who has vocally opposed the regulatory stance of the Biden administration. At a recent Crypto Task Force roundtable, he remarked on the historical inefficiencies in the regulatory environment, asserting, “Innovation has been stifled for the last several years due to market and regulatory uncertainty that unfortunately the SEC has fostered.” These comments underscore the re-emerging optimism within the sector as it navigates a changing political landscape.