#TrumpCrypto Donald Trump's involvement in cryptocurrency includes launching his own token, $TRUMP, which surged to a valuation of over $5 billion shortly after its launch in January 2025. The token's value is closely tied to Trump's net worth, with Axios estimating it accounts for about 89% of his net worth.

*Trump's Cryptocurrency Policies:*

- *Support for Cryptocurrency*: Trump has expressed support for cryptocurrency and pledged to make the US the "crypto capital of the planet".

- *SEC Actions*: Under Trump's administration, the SEC has taken steps to dismiss lawsuits against cryptocurrency companies like Coinbase and Binance.

- *Strategic Bitcoin Reserve*: Trump has established a strategic bitcoin reserve and pardoned BitMEX, a cryptocurrency exchange.

*Controversies Surrounding $TRUMP:*

- *Criticism*: Some lawmakers, like Representative Ayanna Pressley, have criticized Trump's cryptocurrency venture, expressing concerns about consumer protection and potential conflicts of interest.

- *Potential Conflicts of Interest*: Trump's cryptocurrency venture has raised questions about potential conflicts of interest, given his role as President and his personal business dealings ¹.