Trump Endorses Steve Hilton for California Governor, Backing ‘World Crypto Capital’ Vision

Former President Trump endorsed Republican Steve Hilton for California governor, highlighting Hilton’s pledge to make California the “World Crypto Capital” by loosening digital-asset regulations, offering tax incentives to crypto firms and creating a state task force to attract blockchain talent. Markets could view a successful Hilton campaign as materially bullish for U.S. crypto hubs—potentially drawing investment and jobs back to California from states like Texas and Florida—but critics warn of elevated consumer risk, fraud and volatility under laxer rules. The endorsement adds national political weight to the 2026 governor’s race and raises policy-driven upside and downside scenarios for crypto assets, including Bitcoin.