How Donald Trump’s Pro-Crypto Policies Could Trigger a Market Shift
The post How Donald Trump’s Pro-Crypto Policies Could Trigger a Market Shift appeared on BitcoinEthereumNews.com.
As the 47th President of the United States, Donald Trump has stirred the crypto world with policies and actions that could redefine the industry’s trajectory. From regulatory reforms to the launch of official Trump-branded tokens, his administration is making bold moves that are set to impact Bitcoin, Ethereum, Solana, and beyond. Crypto influencer VirtualBacon highlighted these developments in his detailed X thread shedding light on what lies ahead for the market. Trump Went All In On Crypto, What Comes Next? 🚨 Craziest weekend in crypto history? Trump’s Official Trump Coin hit 100x in 1 day, and Bitcoin soared to an all-time high during his inauguration. Here’s how Trump’s pro-crypto policies could reshape the market 🧵👇 — VirtualBacon🦇🔊 (@VirtualBacon0x) January 20, 2025 The Trump Coin Frenzy Over the weekend with the launch of two Trump-backed tokens buzzed the entire crypto space: Trump Coin (TRUMP) and Melania Coin (MELANIA). Both coins, built on Solana, took the market by storm. Trump Coin reached an $8 billion market cap within a day, with a $42 billion fully diluted valuation (FDV), while Melania Coin hit a $1 billion market cap and $5 billion FDV. These coins have ignited a wave of retail adoption unseen since Dogecoin’s 2021 frenzy. However, U.S. regulations prevent further official Trump-branded tokens, making these two unique opportunities. In the meanwhile Trumps Solana, ETH and Memecoin craze can be a threat to XRP and Bitcoin in the near future. Pro-Crypto Policies on the Horizon Trump signed 80+ executive orders on his very first day however there are rumors that he will sign over 200 executive orders, many of which could favor the crypto sector. Key initiatives may include regulatory clarity for DeFi and ETFs, support for blockchain innovation, and even recognizing Bitcoin as a Strategic Reserve Asset. While large-scale Bitcoin purchases by…
Filed under: News - @ January 21, 2025 8:27 am