On January 20, 2025, former President Donald Trump and Melania Trump launched two cryptocurrencies, $Trump and $Melania, which are not intended as investment opportunities. The $Trump coin has a market valuation of approximately $12 billion, while the $Melania coin is valued at around $1.7 billion, according to CoinMarketCap.
- $Trump and $Melania coins are not investments.
- $Trump coin valued at $12bn; $Melania at $1.7bn.
- Trump previously called crypto a "scam."
- Plans for a strategic bitcoin stockpile announced.
- Bitcoin reached a record high of $107,000.
- Biden administration increased crypto regulations.
Donald Trump has previously labeled cryptocurrencies as a “scam,” but his recent campaign for the 2024 presidential election marked a significant shift. He became the first presidential candidate to accept digital assets as donations, indicating a more favorable view of the cryptocurrency landscape. Trump also proposed creating a strategic bitcoin stockpile and appointing regulators who support digital assets.
As a result of Trump’s election victory, bitcoin reached a record high of $107,000, according to Coinbase. Other cryptocurrencies, including dogecoin, have also seen significant increases, partly due to endorsements from influential figures like Elon Musk. The overall market for cryptocurrencies has been buoyed by expectations of regulatory changes under Trump’s administration.
In contrast, the Biden administration has taken a more cautious approach, citing concerns about fraud and money laundering. Regulatory actions have included lawsuits against crypto exchanges to enforce compliance with existing laws. The contrasting approaches to cryptocurrency regulation highlight the ongoing debate about the future of digital assets in the united states.
The launch of the $Trump and $Melania coins marks a notable development in the intersection of politics and cryptocurrency. As the landscape evolves, the implications of these digital currencies and their acceptance in political campaigns will continue to be a topic of interest.
