U.S. Surging in Crypto Activity Under Trump: TRM Labs Report

While the maturation inactive trails India's boom, integer assets enactment jumped 50% successful the U.S. successful six months, cementing it further arsenic the apical planetary marketplace.

Oct 21, 2025, 1:00 p.m.

In the archetypal six months of this twelvemonth — arsenic crypto-booster President Donald Trump reversed the U.S. government's cautionary absorption to crypto — transaction volumes successful the U.S. spiked by astir 50% to wide $1 trillion, according to a study from TRM Labs published Tuesday.

The accelerated summation was multi-faceted, with institutions leaping into stablecoins and others getting into recently regulated products specified arsenic exchange-traded funds (ETFs), positive the emergence successful comfortableness level for investors arsenic U.S. regulators and lawmakers began moving to found manufacture rules.

When the U.S. Securities and Exchange Commission and banking regulators kept crypto astatine an arm's magnitude from the fiscal strategy during the Biden administration, the changeless refrain from manufacture lobbyists was that the authorities was chasing the innovators overseas. Trump vowed to marque the U.S. the "crypto superior of the world" erstwhile helium took office.

The 50% bump successful the U.S. tin partially beryllium attributed to the "more favorable governmental and regulatory climate," said Ari Redbord, TRM's planetary caput of policy.

"It's hard to accidental however overmuch of this is owed to offshore enactment returning onshore, but the inclination is accordant with increasing confidence, clearer rules and renewed superior enactment successful the U.S. market," helium said.

TRM Labs, a integer assets analytics firm, maintains a country-adoption scale of planetary crypto activity, weighting it with economical factors that de-emphasize the high-transaction measurement that's expected to beryllium much associated with higher-income countries. India has occupied the apical of the database for 3 years moving — a play of beardown maturation for crypto globally.

Pakistan, the Philippines and Brazil filled retired the remainder of the apical five.

In the U.S., determination was a crisp disagreement successful crypto involvement astir the statesmanlike predetermination past year. In the six months aft that date, web postulation to providers of virtual-asset services went up by 30%, the study said. Through July of this year, the White House issued enforcement orders directing affable crypto policies; the SEC established a crypto task unit with that aforesaid aim; Congress passed a caller instrumentality to modulate stablecoin issuers; and important process was made connected a wider marketplace operation bill, which passed the House of Representatives but has deed a existent snag successful the Senate.

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