Crypto Industry Gathers in Dubai for TOKEN2049 Amid Falling Trump Popularity

Around 15,000 industry leaders, investors, and developers convened in Dubai for the TOKEN2049 conference, as the global cryptocurrency sector faces mixed feelings about President Donald Trump’s evolving stance. Initially, Trump’s promises of regulatory easing and his own coin spurred optimism and a surge in crypto prices, but Bitcoin has since fallen about 12% amid slow regulatory progress and concerns over trade tensions. Conference attendees voiced a spectrum of opinions, with some warning that looming tariffs and broader economic challenges could dampen any long-term crypto gains. Nonetheless, the sector saw a robust $5.4 billion in global venture capital investments in the first quarter of 2025—the best since mid-2022—reflecting ongoing confidence despite regulatory and market headwinds. The United Arab Emirates, particularly Dubai, continues to attract crypto businesses with clear regulations and business incentives, cementing its status as a major industry hub. The overall mood in Dubai was energetic but cautious, with many recognizing both the promise and the uncertainty facing the industry.