đš 1. Senate sends crypto bill to House â but still exempts $TRUMP
The U.S. Senate passed the bipartisan GENIUS Act on June 17, 2025, regulating stablecoins with strong consumer protections. However, the bill notably exempts the President and their familyâshielding Trumpâdespite his large financial stake (including $57âŻmillion earned in 2024) in crypto projects like World Liberty Financial and the Trump token .
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đš 2. Trumpâs âT1â smartphone might be a crypto trojan horse
Mark Cuban speculates that the new $499 gold Trump T1 phone may generate revenue not from hardware, but via crypto features: a built-in wallet tied to WLF, $TRUMP, and fees from those transactions. Trump Media is also reportedly seeking approval for a crypto ETF reallocating 75% to BTC and 25% to ETH .
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đš 3. Ethics under fire amid Trumpâs crypto empire
Critics accuse Trump of leveraging presidential power to enrich himself via cryptoâciting private dinners for top token holders (including foreign investors), deregulation efforts, and deregulation or rollback of enforcement agencies. These actions pose ethical and possibly legal conflicts of interest .
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đš 4. $TRUMP token value slides, but still massive
The Official Trump meme coin is trading around $8.62, down roughly 1% today and about 14% over the past week, with a market cap near $1.7âŻbillion and daily volume close to $398âŻmillion .
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đ In Short
Legislation: Senate passes crypto bill, but Trump remains exempt.
Smartphone push: New Trump T1 may monetize via hidden crypto wallet.
Ethical flashpoints: Private events & deregulation raise alarms.
Token performance: $TRUMP trading at ~$8.6, market cap still substantial despite recent dip.