Stablecoins are becoming increasingly popular including Circle and Tether Costfoto/NurPhoto via Getty Images hide caption
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President Trump listens to David Sacks, the White House czar for AI and crypto, at a White House summit on digital assets on March 7, 2025. Jim Watson/AFP hide caption
Trump is set to speak to crypto founders and investors at the White House on Friday
After a record-setting 2024, many analysts believe bitcoin and other cryptocurrencies could see another big surge this year. Dan Kitwood/Getty Images hide caption
Chinese-born crypto founder Justin Sun eats a banana artwork composed of a fresh banana stuck to a wall with duct tape in Hong Kong on Friday after buying the provocative work of conceptual art by Italian artist Maurizio Cattelan at a New York auction for $6.2 million. Peter Parks/AFP via Getty Images hide caption
Stocks and cryptocurrencies surged after former President Trump won the presidential election. Pictured are traders working on the New York Stock Exchange in New York on Oct. 22. Spencer Platt/Getty Images hide caption
The office of Massachusetts Attorney General Andrea Joy Campbell, pictured here, sued a crypto scam company known as SpireBit and seized its assets. The proceeds have now been handed back to victims of the scheme. Charles Krupa/AP hide caption
Bitcoin has just experienced a quadrennial event called the halving. It comes at a time when the digital currency was already surging. Dale De La Rey/AFP via Getty Images hide caption
Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court in New York City on Aug. 11, 2023. Bankman-Fried was sentenced on Thursday to 25 years in prison after being found guilty of fraud last year. Michael M. Santiago/Getty Images hide caption
Bitcoin hit a record high following a rally sparked by the Securities and Exchange Commission's approval of bitcoin exchange-traded funds. Dan Kitwood/Getty Images hide caption
The Securities and Exchange Commission, under Chair Gary Gensler, has approved several spot bitcoin exchange-traded funds, which will track the cryptocurrency's price. Drew Angerer/Getty Images hide caption
U.S. says yes to new bitcoin funds, paving the way for more Americans to buy crypto
A bitcoin ATM is seen in Brooklyn, N.Y., on June 13, 2022. Virtual currencies like bitcoin are recovering from a tough period partly on rising hopes that bad actors have been weeded out and that confidence can return to the sector. Michael M. Santiago/Getty Images hide caption
After a brutal stretch, a remarkable thing is happening: Cryptocurrencies are surging
Changpeng Zhao, widely known as CZ, will step down from Binance, the crypto company he founded in 2017, as part of a deal with the Department of Justice and U.S. regulators. Patricia De Melo Moreira/AFP via Getty Images hide caption
A jury took less than five hours to convict former FTX CEO Sam Bankman-Fried of fraud and money laundering. Michael M. Santiago/Getty Images hide caption
He lost $200,000 when FTX imploded last year. He's still waiting to get it back
After a monthlong trial, New York City jury found former FTX CEO Sam Bankman-Fried guilty of seven criminal counts, including securities fraud. Michael M. Santiago/Getty Images hide caption
Sam Bankman-Fried leaves a Manhattan federal court in New York City on Jan. 3, 2023. Ed Jones/AFP via Getty Images hide caption
Sam Bankman-Fried is accused of defrauding the company's customers, investors and lenders. He's set to take the stand on his own defense starting as early as Thursday. Michael M. Santiago/Getty Images hide caption
Three of Sam Bankman-Fried's closest former associates have turned against him, and their testimony could help send the former FTX CEO to prison for life. Pictured from left to right are: Nishad Singh, Sam Bankman-Fried, Caroline Ellison, and Gary Wang. Stephanie Keith/Bloomberg via Getty Images; Michael M. Santiago/Getty Images hide caption
FTX founder Sam Bankman-Fried leaves the courthouse following his arraignment in New York City on Dec. 22, 2022. Bankman-Fried's trial just concluded its second week, with explosive testimony from former girlfriend Caroline Ellison. Ed Jones/AFP via Getty Images hide caption
Criminal mastermind or hapless dude? A look into Sam Bankman-Fried's trial so far
Caroline Ellison leaves federal court in Manhattan after testifying during the trial of former FTX CEO Sam Bankman-Fried on Oct. 10. Ellison said Bankman-Fried was the main decision-maker and steered her to transfer funds from cryptocurrency exchange FTX to Alameda Research, a financial firm she headed. Michael M. Santiago/Getty Images hide caption
Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court in New York City on Aug. 11, 2023. Bankman-Fried is set to start his blockbuster trial on Tuesday. It's expected to last about six weeks. Michael M. Santiago/Getty Images hide caption
FTX founder Sam Bankman-Fried's trial is about to start. Here's what you need to know
Sam Bankman-Fried's parents face legal trouble of their own as FTX looks to claw back millions of dollars in compensation and benefits from the couple. Michael M. Santiago/Getty Images; Drew Angerer/Getty Images; David Dee Delgado/Getty Images hide caption
CANNES, FRANCE - JUNE 21: Paris Hilton, Gary Vaynerchuk and Swan Sit on stage during The NFT Revolution and What It Means For Brands at the Debussy Theatre (Photo by Eamonn M. McCormack/Getty Images for Cannes Lions) Eamonn M. McCormack/Getty Images for Cannes Lions hide caption