Trump launches his own crypto movement
Trump promotes World Liberty Financial (WLF), a crypto finance platform that includes a stablecoin and a governance token, WLFI. According to Reuters, an independent audit and a mobile app are being prepared to make the use of this ecosystem more accessible to investors.
This consolidates Trump as a direct player in crypto, beyond his already famous memecoin $Trump, launched at an exclusive dinner for investors.
2. Musk distances himself from the crypto world in the clash
Although Elon Musk was key in popularizing Dogecoin (DOGE) and the idea of linking cryptocurrencies to the government (he even talked about integrating the Treasury with blockchain), his recent attack on some spending laws pushed by Trump unleashed crypto uncertainty. The impact was immediate:
Elon harshly criticized the 'Big Beautiful Bill', causing DOGE to rise by 8.3% in a short time.
But his confrontation also shook the market: the crypto market suffered liquidations of nearly 980 million USD, and Bitcoin fell to about 101,000 USD, due to the volatility.
3. Extreme volatility: when politics impacts crypto
The confrontation between two crypto-influencer figures generated:
📉 GLOBAL DROP of ~200 billion USD in total crypto capitalization.
Massive liquidationsthat affected both Bitcoin and speculative altcoins.
Analysts highlight how political scrutiny and personal attacks can further destabilize digital assets dependent on public sentiment and narrative.
4. Future trends: who will lead crypto?
Trump appears with a clear strategy: use of his own crypto infrastructure, stablecoins, and the possibility of a 'strategic bitcoin reserve'.
Musk, on the other hand, maintains a cautious profile: he relegates his relationship with DOGE after criticizing public policies, and his support for the blockchain Treasury remains in question.
The appointment of David Sacks as 'crypto czar' formalizes the Trump administration's intention to build regulatory clarity for the crypto industry.