Disclaimers on the websites for the $Trump and $Melania coins clarify that these tokens are “not intended to be, or the subject of, an investment opportunity or a security.” Despite this, their popularity continues to grow. According to CoinMarketCap, the total market valuation of $Trump stands at approximately $12 billion (£9.8 billion), while $Melania has a valuation of about $1.7 billion.
Although Donald Trump once referred to cryptocurrency as a “scam,” his stance shifted during the 2024 election campaign. He became the first presidential candidate to accept digital assets as donations, signaling a new openness toward crypto. Trump further fueled optimism within the sector by pledging to create a strategic Bitcoin stockpile and to appoint financial regulators with a more favorable view of digital assets.
These promises have sparked speculation that his administration will ease regulations on the crypto industry, contrasting with the Biden administration’s approach, which emphasized fraud and money laundering concerns, resulting in lawsuits against crypto exchanges.
Following Trump’s election victory, Bitcoin soared to an all-time high, trading at $107,000 as reported by crypto trading platform Coinbase. Other cryptocurrencies have also experienced a significant boost, including Dogecoin, which has been frequently promoted by Elon Musk, a prominent Trump supporter.
Adding to the celebratory atmosphere, David Sacks, the incoming AI and crypto tsar, hosted a “Crypto Ball” in Washington, DC, highlighting the sector’s growing influence.
The surge in crypto prices underlines the industry’s renewed optimism as it anticipates policy shifts under Trump’s leadership, potentially setting the stage for a more crypto-friendly regulatory environment.
