Former President Trump's pro-crypto policies, including the GENIUS and CLARITY Acts, have significantly impacted the cryptocurrency market, with over 250 public companies now holding digital assets. His advocacy for digital currencies, including the launch of the $TRUMP memecoin, has spurred speculative trading and the rise of Digital Asset Trusts. However, the market faced a severe setback in October 2024 when news of China tariffs led to a crash, erasing $19 billion in leveraged positions. This volatility caused the fear and greed index to fluctuate dramatically. Critics have raised ethical concerns as Trump-affiliated firms, such as WLFI, appear to benefit from the market's growth, raising questions about the intersection of policy and profit.