Meme Coins & Foreign Investment: Trump’s Crypto Fueled Saga

President of the United States Of America, Donald Trump, has returned to politics by winning the 2024/25 Presidential Election. Trump managed to win the Presidential election with his grit and some strategically placed promises. Promises that are meant to appeal to new-age Americans. The promise of a better digital landscape for Cryptocurrencies or digital assets.  

Due to this, President Trump is now lauded as the ‘Crypto President.’ This is a 360-degree turnaround from Trump’s previous stance against crypto and other digital assets. Earlier, Trump was a skeptic at best. However, there seems to be a drastic change in the President’s stance as he has openly promised to make the US the world capital of digital assets or crypto. 

The general populace thinks that this stance towards digital assets can help America grow in the sector. However, critics believe this is a ruse and that there is a scope for abuse. This may be why President Trump put all his investments into trust funds that his children will manage. However, President Trump will keep himself out of the situation for the tenure of his Presidency.  

Here is a small list of President Trump’s noteworthy crypto-based ventures that can change the industry for better or worse.  

TRUMP Meme Coin 

One of the most significant aspects of President Trump’s crypto drive was the release of the TRUMP meme coin. TRUMP meme coin was released strategically two days before Trump took on his presidency. On January 19th, the coin peaked at $15 billion in market cap. However, meme coins are a volatile corner of the crypto community.  

To have a meme coin in the name of a President shows that these coins can finally be accepted more widely and play a useful role other than being a coin fueled by internet jokes. It can also mean that politics and crypto are coming together to create a cohesive environment or a new form of digital assets where a politician’s popularity determines the price.  

WLF Investments 

Another noteworthy thing was 75 million US dollars worth of investment by chinese crypto mogul Justin Sun. Justin Sun invested $15 million in World Liberty Financial, A decentralized crypto platform launched by his son. This shows that companies abroad are taking notice of the changing landscape of the US digital asset landscape.  

Subsequently, it is also reminiscent of how the SEC sued Sun and his company in 2023. The same organization is now opening up the US crypto landscape for foreign investment. Therefore, the landscape would be more conducive to development and external intervention. Follow for more crypto news.