TechFlow news, December 17 — According to The New York Times, as U.S. President Trump publicly embraces cryptocurrency, his policies and personal statements are profoundly reshaping the structure of American capital markets. A surge of new publicly traded companies centered on crypto assets has emerged, while also amplifying market risks.
Trump, who calls himself the "first crypto president," ended previous stringent regulations on the crypto industry after taking office, advanced pro-crypto legislation, and repeatedly endorsed crypto investments in public—going so far as to launch his own meme coin named TRUMP. These actions have rapidly brought the once-marginal crypto sector into the mainstream financial system.
Against this backdrop, more than 250 publicly listed companies this year have begun adding cryptocurrencies to their balance sheets, accumulating digital assets like bitcoin in large quantities to attract investor attention. Some companies lack established core businesses, with their primary "business model" being holding crypto assets and betting on price appreciation.
Analysts note that unlike previous crypto bull runs confined mainly to exchanges and retail investors, under Trump’s policy influence, crypto-related risks are now spreading through the stock market to a broader investor base. The rollback of regulatory tightening, strengthened political endorsement, and structural "cryptoization" of public companies are collectively pushing investors to bear higher volatility and valuation risks.
