Animoca’s Yat Siu says crypto’s Trump moment is over

For much of 2025, crypto traded as if U.S. President Donald Trump was its inevitable savior. Prices ran ahead of policy, altcoins priced in political permissions, and the industry waited for a regulatory green light that never quite arrived. But as the year wound down, and Trump's reinauguration faded into memory, the market did not follow. For Yat Siu, co-founder and executive chairman of Animoca Brands, the fading Trump trade marked a turning point. The moment clarified that crypto’s next phase would n ...