TL,DR
- US cryptocurrency transaction volume increased by 50%, exceeding $1 trillion in the first half of the year.
- The new administration has fostered innovation with executive orders and has pushed for key legislation on crypto-assets.
- Institutional investors are returning, attracted by regulatory clarity on stablecoins and ETFs.
Cryptocurrency activity has been revived in the United States during the first half of 2025. A drastic change in the White House has been the catalyst: as President Donald Trump reverses years of caution toward digital assets.
According to a report from TRM Labs, transaction volumes have soared by 50%, surpassing the $1 trillion mark.
For an industry that battled regulatory uncertainty for a decade, the Trump administration’s sudden shift has been fundamental. The president’s promise to make the United States the “crypto capital of the world” appears to be more than campaign rhetoric, translating into tangible economic activity.
The TRM Labs report highlights that institutional investors are returning to the table, investing capital in stablecoins and exchange-traded funds (ETFs), products that now enjoy a formal legal footing in the US market. Ari Redbord, TRM’s global head of policy, noted that much of this growth reflects a “more favorable political and regulatory climate.”
From Uncertainty to Regulatory Clarity
This new environment contrasts sharply with the Biden administration, during which the SEC and banking regulators kept the industry at a distance. Now, Trump’s pro-crypto stance is boosting the market through concrete actions.
The White House has issued multiple executive orders to promote innovation in digital assets, and Congress has achieved historic legislative progress. Although a broader bill on market structure has stalled in the Senate, it has already been approved by the House, marking unprecedented progress.
This renewed confidence is also reflected in web traffic. TRM Labs detected a 30% increase in US traffic to crypto service providers in the six months following the 2024 election.
This trend suggests a reversal of the “offshoring” effect that plagued the industry in prior years. As regulation shifts from restrictive to enabling, both liquidity and innovation appear to be migrating back to US soil. Although the global landscape remains competitive, the US rebound is symbolic and has rekindled the idea that the country could lead the next wave of crypto growth.
