Donald Trump‘s pro-crypto stance, favoring Bitcoin, comes in as a surprising shift during his 2024 US Presidential campaign. He announced plans to establish strategic BTC reserves and transform the US into a global Bitcoin mining leader.
The re-elected president for two terms is on his way to making history within the crypto sector as he aims to grow ties with the speculative crypto businesses, promising a better future for the US, which is going to be the crypto capital of the planet.
Trump’s past Gambling Market Connection
US President and businessman, Donald Trump is tapping leading regulators with crypto ties, promising to make The United States “the crypto capital of the planet”. He has owned many Atlantic City casinos of which The Taj Mahal Casino and Resort was the biggest project ever, built with opulence and splendor.
The pro-crypto stances that the President has taken come with wooing crypto organizations to ratchet up their contributions and help him win the White House. Although Trump did not experience successful ownership of the casinos, he managed to flourish and gain knowledge about the gambling industry.
With that knowledge, he brought substantial changes during his first presidential term when many US states implemented new regulatory changes to supervise and legalize gambling and betting.
Furthermore, there was a repeal of the sports betting ban during his presidential term, which allowed every state to determine whether they wanted sports betting legalized in their jurisdiction. Of the 50 US states, 38 legalized sports betting. During this period, several digital gaming platforms gained traction, and many other states started to regulate and legalize these markets.
With such pro-crypto stances, Trump has earned kudos from cryptocurrency organizations who are now working to explore establishing a crypto stockpile and proposing regulations for new digital assets. Trump’s blatant blending of political efforts to push crypto to launch $TRUMP is also a part of this stance.
The Current US iGaming Market
At present, six states in the United States have legalized online gambling, including New Jersey, Pennsylvania, Delaware, Connecticut, West Virginia, and Michigan. 38 out of these 50 states have made online sports betting legal but most of them do not ban or regulate online casinos that are based outside of the United States.
Sweepstake casinos in particular have become quite popular, allowing users to enjoy a seamless gambling experience without using any real money. Although there are controversies surrounding the US iGaming sector, the market has projected a growth of about $29.74 billion into 2025.
As the President of the United States, Trump promised several things to its citizens that have been deemed controversial, including his promise to expose the secret government documents on UFOs. Nevertheless, his impact on the cryptocurrency and online gaming market is more interesting, given his pro0-crypto stance and his historical connection to gambling.
Rise of Cryptocurrency in iGaming
As Donald Trump takes the role of US president for another term, the crypto community becomes hopeful for more favorable policies. Simultaneously, financial experts emphasize the significance of balancing tech innovations with strong oversight of the industry to mitigate potential risks.
Trump being the President for the second time became the initial catalyst, pushing the value of Bitcoin to, $100,000. Since the inauguration of the US president, Bitcoin’s value reached an ATH of $109,000, which is quite impressive, considering the virtual currency hit the number for the first time in December 2024.
Post-elections, the price of BTC climbed over 45% within 30 days. Furthermore, Trump mentioned that there are plans to create permanent national stockpiles of Bitcoin. The government owns around $20 billion of BTC tokens accumulated through legal seizures.
Overall, there has been a rise of around 55% of BTC transactions from 2014 to 2023 that were related to online gambling and more states seem to have started regulating and legalizing this activity during the first term. Therefore, it is not surprising to witness the growth of the best online Crypto Casinos within the US iGaming industry.
