TRUMP Coin Launch and Market Impact
On January 17, 2025, Donald Trump introduced the $TRUMP meme coin on the Solana blockchain.
Within 24 hours, its market capitalization soared to over $27 billion, with 80% of the supply retained by Trump-affiliated entities.
The coin's launch has sparked ethical concerns regarding potential conflicts of interest and allegations of market manipulation. Stablecoin and Binance Investment
Trump's company, World Liberty Financial, launched the USD1 stablecoin, pegged to the U.S. dollar and backed by U.S. Treasuries.
The UAE-backed investment firm MGX plans to use USD1 for a $2 billion minority stake acquisition in Binance, the world's largest cryptocurrency exchange.
This deal raises ethical questions, especially given Binance's history of regulatory issues and the involvement of foreign nationals.
3. Establishment of U.S. Strategic Bitcoin Reserve
In March 2025, President Trump signed an executive order creating a Strategic Bitcoin Reserve, utilizing approximately 200,000 BTC seized through enforcement actions.
The reserve aims to position the U.S. as a leader in digital assets, with plans to hold the Bitcoin long-term without selling$