In the fourth quarter of 2024, approximately 46% of all venture capital funding for cryptocurrency startups was allocated to companies based in the United States, according to a report by Galaxy Digital. This significant share outpaced other jurisdictions, with Hong Kong receiving 16%. The US also led in deal count, with 36% of all venture capital deals involving US companies. Experts suggest that the incoming pro-crypto political administration may further enhance this trend. Ryan McMillin, co-founder of Merkle Tree Capital, highlighted that the presence of venture capitalists in the US drives this investment dynamic, especially now with expectations of a more favorable regulatory environment under a prospective Trump administration. Industry leaders anticipate a surge in crypto investment activity, attributing it to the shift from a previously restrictive administration to a seemingly supportive one. Galaxy's research indicates that US dominance will likely continue as pro-crypto candidates gain governmental positions and regulatory matters address lingering uncertainties.

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