America has voted and elected a new president. With Donald Trump’s (return) to the White House, the international community and the markets are likely to face a number of changes. Vitalize Crypto trend expert Shiba has taken a closer look and explains in the Vitalize Blog what President Trump means for the crypto scene and what he plans to do.
TRUMP Coin and MELANIA Coin
Right at the start of his presidency, Donald Trump is making headlines in the virtual world. No, not as usual on X or his own platform, Truth Social, but as his own cryptocurrency. Donald Trump and crypto assets—this connection isn’t entirely unknown. A few years ago, the U.S. president released his own trading cards as NFTs. Immediately after the inauguration, however, the meme coin now known as TRUMP Coin skyrocketed in value.
But be careful with the TRUMP Coin: There are now several imitations of the coin. You can identify the real TRUMP Coin by its contract ID on the Solana blockchain. Additionally, the TRUMP Coin is not available on every crypto exchange or trading platform. Well-known exchanges and platforms that list the TRUMP Coin include Binance, Coinbase, KuCoin, and MEXC.
A Presidential Crypto Pair: MELANIA Coin ($MELANIA)
Although not issued directly by President Trump, the MELANIA Coin—modeled after Donald Trump’s wife, Melania Trump—has also attracted attention. However, this coin has since lost significant value. Incidentally, the Trumps themselves view their coins primarily as an expression of support from their fans.
What is Musk planning? Crypto investors and Dogecoin (DOGE) fans are likely to take notice
These days, whenever President Trump is mentioned, his advisor Elon Musk isn’t far behind. Much like Donald Trump, entrepreneur Musk is also an avowed fan of cryptocurrencies. Crypto investors and those interested in the space can likely assume that Musk, too, has some ideas for cryptocurrencies that President Trump might implement during his term in office.
However, as things stand, no concrete measures from Elon Musk are known. Nevertheless, the entrepreneur is considered a champion of Dogecoin and regularly expresses his support for this coin on X. While meme coins should always be treated with a certain degree of caution, a certain level of popularity for Dogecoin—and thus a certain price level—during Trump’s term (at least as long as Elon Musk serves as an advisor to the president) is likely to be within the realm of possibility.
Is a Ripple (XRP) Reserve Coming for the U.S.?
President Trump has considered the possibility of the United States establishing a national crypto reserve—meaning that cryptocurrencies would become part of the government’s financial reserves. The best-known reserve asset, used by many countries, is the precious metal gold.
The fact that President Trump is now explicitly considering cryptocurrencies as well shows, at the very least, that the U.S. is increasingly accepting cryptocurrency as an investment and a financial alternative to traditional currency (in this regard, the Trump administration differs significantly from the previous administration).
This is positive news for the crypto market, as Trump’s new administration is expected to include, alongside Musk, advisors from companies such as BlackRock, Fidelity, and other asset managers—some of whom invest substantial sums in cryptocurrencies. Whether this will lead to a new crypto bull run remains to be seen, but it is certainly a likely scenario.
Change in the SEC’s Stance
Not merely a possibility, but a concrete plan following Donald Trump’s inauguration, is the previously announced change in the SEC’s (the U.S. Securities and Exchange Commission) stance. In general, it is expected that under President Trump, the SEC will impose fewer regulations on cryptocurrencies and will also issue so-called “no-action letters.” These letters allow token issuers to classify their tokens as non-securities.
Crypto Czar: New Special Envoy for Cryptocurrencies
Another announcement by the president concerns the appointment of former PayPal executive David Sacks as the administration’s special envoy for promoting cryptocurrencies. In addition to the task of creating a crypto reserve, the new envoy—whose role Trump also referred to as the “crypto czar”—also announced the growing importance of stablecoins in strengthening the dollar in the digital age (Source: Business Insider).
Crypto Country USA?
Regardless of one’s stance on Donald Trump’s other policies, there are clear differences from the previous administration, at least from a crypto perspective. This includes the President’s announcement of plans to establish a crypto task force designed to advance innovation in the crypto sector while also facilitating trading in cryptocurrencies such as Bitcoin (Source: Reuters). The long-term goal of these efforts is to clearly position the U.S. as a crypto pioneer. Similar ideas are currently being pursued in countries such as El Salvador, among others.
How did the crypto markets react to President Trump’s announcements?
Initially, the reaction was euphoric (43 dollars per TRUMP Coin), which manifested in a corresponding price surge. Subsequently, some investors took profits, causing the price to drop slightly at first (15 dollars per TRUMP Coin). This was followed by a period of consolidation with a sideways trend. It now appears that the TRUMP Coin has found its bottom and is rising slightly again (currently $19–$20).
