Trump Meme Coin’s First Year Leaves Crypto Policy in Limbo
On the eve of his second inauguration, President Donald Trump launched the Solana-based TRUMP meme coin, which soared to a $10 billion market cap and $73 per token within hours before crashing to below $5 within a year. Ongoing controversy surrounds Trump’s direct financial interests in crypto while in office, with conflicts of interest and personal enrichment cited by Democrats as reasons to stall or block digital asset reform. These concerns have delayed legislation like the GENIUS Act and fueled political opposition, including Rep. Maxine Waters' "Stop TRUMP in Crypto Act of 2025." Trump’s crypto ventures—including the TRUMP token, World Liberty Financial, and its USD1 stablecoin—have drawn scrutiny for generating more than $1 billion in profits for his family, with additional allegations of corruption tied to overseas investments. High-profile events, such as a private dinner with major TRUMP token holders, have intensified criticism and protest, contributing to ongoing debate over the president’s role in the crypto industry.
