Donald Trump, again president of the United States when many of you are reading this, launched his own cryptocurrency-$ Trump-on Friday evening on the blockchain Solana network. During the weekend, market capitalization had reached nearly $ 15 billion, although on Sunday, this value dropped when Melania Trump launched her own coin.
Cryptocurrency policy under Trump: many promises, few concrete plans
Learn more
The presidential crypto made “a lot of noise on the cryptography market”, according to Coin Desk, which classified it as “the 21st greatest digital active” in record time – which is not an easy task since ‘It didn’t exist on Thursday.
There is a floating of 20 percent, the remaining 80 percent being held by Trump, the Trump family companies and the room developer. The price started at $ 0.01 reached peaks of more than $ 70 and now oscillates around $ 53. An unhappy reader said Trump “would probably disclose the parts in the coming years”, while many criticisms have said that this strategy strangely resembles a pumping and emptying system.
Sean Dawson, Research Manager at Blockhain Biz Derive.xyz, commented: “Mind trading prosperous thanks to the attention economy and the ability to capture stories, something that Trump has mastered throughout of his career. It is not surprising that he and his team exploit this expertise. to take advantage of it. »»
The current market capitalization of $ Trump, at the time of the editorial staff (according to the aggregator of cryptographic data Coinmarketcap), is $ 10.2 billion. $ Melania is worth $ 2.01 billion.
Bitcoin price has also reached a record level as Trump’s inauguration is approaching and speculation on the cryptography market is intensifying. At the time of publication, BTC was worth $ 108,000 after reaching a summit of $ 109,000 early in the European morning.
The cryptocurrencies Melania and Trump have been approved by the new Cryptography company of the Trump family, World Liberty Financial, launched in August from last year.
Eric Trump, executive vice-president of the Trump Organization and son of the elected president, said that he was “extremely proud of what we continue to accomplish in matters of cryptography. $ Trump is currently the most popular digital in the world and I sincerely believe that @Worldlibertyfi will revolutionize DEFI/CEFI. And will be the future of finance.
Pre -electoral promises
In a speech delivered at a Bitcoin conference in July of last year, his father, then a republican presidential candidate, has sworn that the United States would become the “cryptographic capital of the planet” and would have declared that he would create, if it were elected, a “strategic bitcoin”. Reserve »Using the currency currently held by the government, even if no one knows if this will actually happen.
Dennis Porter, co-founder and president of Satoshi Action Fund, a non-profit educational organization, said: The register In November of last year: “The Trump camp-which will soon be the Trump administration-clearly shows that it is very interested in this policy”, referring to the so-called “Bitcoin Strategic Reserve”. Porter said to us, “Trump approved this type of legislation at the Bitcoin conference just after the Senator (Cynthia) Lummis presented her legislation, the Bitcoin law of 2024.”
Trump also promised last year to “dismiss” the president of Securities and Exchange Commission (SEC), Gary Gensler, who then announced his next resignation and resigned today.
Outgoing President Gensler, known for his repression measures against cryptography, began his work within the Federal Agency in April 2021, immediately after events on the Gamesop market. Gensler said about his stay there that “staff and the commission are deeply motivated by their mission, focused on the protection of investors, facilitating capital training and ensuring that the markets work both for investors and for issuers. The staff are made up of real civil servants. An honor of my life to serve with them on behalf of ordinary Americans and to ensure that our capital markets remain the best in the world. »»
Trump appointed the cryptography defender, the CEO of the consulting company Patomak Partners and the former SEC commissioner, Paul Atkins, to take the hot seat. It will help shape the regulatory measures in progress in industry if and when it is confirmed by the Senate.
According to the cryptocurrency site $ Trump, which bears the inexpensive nickname of Gettrumpmemes.com, the purpose of investment is to “support” Trump. The token presents a drawing of the new American president pumping the air of the fist saying “fight, fight, fight!” – A slogan taken up by Trump after an assassination attempt in July of last year.
There are several Trump brand coins, but $ Trump is “Trump’s only official mememe,” said the site, which adds:
Other pieces have started to rely on the Gains of $ Trump, including a room bearing the $ USA brand, which, according to Eric Trump, has “nothing to do with us”.
Trump is expected to be invested today at a ceremony that will start at 11:30 a.m. (5 p.m. UTC). ®
