In Q4 2024, 46% of venture capital funding for cryptocurrency startups was allocated to U.S.-based companies, significantly outpacing Hong Kong’s 16%. The U.S. also led in deal count, with 36% of all venture capital deals. Analysts attribute this dominance to the U.S. financial market’s innovation, despite previous regulatory challenges. The anticipated pro-crypto stance of the incoming Trump administration could further boost investment, with predictions of increased crypto venture capital activity. As the U.S. government shifts to a more supportive regulatory environment, institutional adoption is expected to broaden across the crypto spectrum.