Trump Meme Coin Launch Shakes Markets – Is Trump a Crypto Hero or Villain?
First, some very brief context. Trump is taking office after an administration that was notoriously anti-crypto under Gary Gensler’s SEC. Meanwhile, Trump’s inner circle has already leveraged crypto for significant gains. Over the years, Trump has personally profited from some questionable, but on-brand Trump NFT collections launched through CIC Digital.
Trump has launched several digital trading card collections. Source: Trump Cards
Meanwhile, the long-suffering crypto industry, desperate for regulatory relief, heavily supported Trump’s campaign, donating more money than almost any other U.S. industry. Crypto lobbying took various forms. In addition to making financial contributions, crypto companies organized rallies and…
