Donald Trump's crypto ventures have sparked a political firestorm in Washington. The former US President has entered the crypto scene with a significant impact, particularly with his $TRUMP meme coin, which surged over 1,000% in two days, reaching a market cap of nearly $13 billion before stabilizing at around $1.5 billion. Trump’s family, including his wife Melania, have also launched their own crypto projects, such as the MELANIA meme coin.

*Key Developments:*

- *Trump's Crypto Portfolio*: Trump's holdings include Ethereum, TROG, and other tokens, valued at over $1.4 million.

- *World Liberty Financial*: Trump serves as the "Chief Crypto Advocate" for this DeFi project, which launched a US dollar-pegged stablecoin called USD1.

- *Regulatory Scrutiny*: Lawmakers are proposing bills to ban government officials from investing in or supporting crypto projects, citing concerns about conflicts of interest.

Trump's influence in the blockchain world is undeniable, and his support could significantly impact certain coins. However, this also raises concerns about market fairness and potential manipulation.$TRUMP