During President-elect Donald Trump’s inauguration, Melania Trump announced the launch of her own cryptocurrency, part of a broader embrace of digital assets by the Trump family. This move coincides with the introduction of $Trump coin, which quickly achieved a market valuation of $12 billion.
The shift in the Trump family’s stance towards digital currencies reflects a potential new direction in financial policy, as evidenced by Donald Trump’s favorable comments about creating a Bitcoin reserve and easing regulations on cryptocurrencies. This policy shift has pushed Bitcoin’s price to around $109,000.
In tandem with these changes, a “Crypto Ball” hosted by AI and crypto advocate David Sacks took place, underscoring the significant role cryptocurrencies now play in Washington’s political sphere. Meanwhile, Melania’s offering has entered the market with a valuation of approximately $1.7 billion, aligning with the rising trend of meme coins like Dogecoin, driven by internet culture and high-profile endorsements.
These developments suggest a growing acceptance and integration of cryptocurrencies within the U.S. financial landscape, particularly influenced by political figures and their affiliations with digital assets.
