Trump launched the coin: why doesn't this simply translate to 'Be Played for Suckers'?

Recently, the news that Trump personally issued coins has caused a sensation, and everyone is wondering: how can a former president be played for suckers? After all, his identity and the issuance of coins seem a little incompatible. However, upon closer inspection, we may be able to understand his operation, which hides deeper economic considerations. Today, we will examine why Trump issued coins on his own.
1. The past and present history of MAGA
First of all, let's talk about MAGA (Make America Great Again), Trump's campaign slogan that everyone knows, right? But you may not know that this slogan is actually a tribute to Reagan. Reagan's slogan during his presidential campaign in 1980 was "Let's Make America Great Again". In the end, Trump is inspired by history - like Reagan, Trump also wants to revive America through his policies.
But this time, "Making America Great Again" is not just an empty slogan. In 2024, the United States is facing strong international competition, just as Reagan faced the Soviet Union back then, and Trump's opponent is China. Thanks to his 12 years of governance, Reagan weakened the Soviet Union and consolidated the United States' position as a global leader. Trump may also consider the possibility of reshaping America's dominant global position by relying on a 12-year policy.
2. American Debt Crisis: The End of a Cycle
To understand Trump's next actions, we must first examine the economic issues facing the United States. The central problem in the United States today is as follows: too much debt and too many little guys, in other words, American finances are overwhelmed.
After World War II, the United States maintained its global leadership position by issuing bonds and 'throwing money' around the world. However, in 2024, the US debt reached a dangerous critical threshold, with debt interest exceeding 1 trillion dollars, or a quarter of the US annual revenue! This situation is clearly unsustainable and requires action.
3. MAGA New Era: Taxation and coin
Trump's advisory team seems to have become aware of this problem, so they have decided to no longer "raise little brothers" and to adopt more radical measures to rewrite the rules. How? First, by imposing taxes - reducing imports and increasing exports. However, it is not certain that simply imposing tariffs can solve the problem. Thus, Trump plans to open a new path for American technology companies: by issuing coins.
You heard right, coin! Cryptographic coins as "commodities" can be traded in accordance with the rules of the CFTC (Commodity Futures Trading Commission). So, whenever a US company sells coins to foreigners, it's like an "export," and other countries can't just add customs duties! It's a masterstroke for the United States, as it increases revenue while reducing the trade deficit.
4. Why does Trump support CFTC regulation instead of SEC regulation?
The details here are also important. The reason Trump supports the regulation of cryptographic coins by the CFTC rather than by the SEC is that the CFTC's regulatory model makes it easier to trade cryptographic coins as commodities. Once cryptographic coins are considered as commodities, attracting foreign capital by selling coins is like an export that earns U.S. dollars. Moreover, the advantage of this approach is that other countries find it difficult to impose tariffs on American coins!
Among these, AI and the cryptocurrency coin have become the "treasures" of American technology giants. For example, OpenAI's ChatGPT only brings in 4 billion dollars a year, but if OpenAI issues coins and each user interaction consumes coins, revenues could be multiplied several times! This method of earning is clearly much easier than selling subscriptions.
5. Trump personally issued coins to dispel concerns
The problem now is that even if Trump supports this policy, many technology companies are still hesitant to be played for suckers. After all, the SEC's previous crackdown on the cryptocurrency industry was no joke. However, the fact that Trump, as a former president, personally launching #$TRUMP回調後能重回高點嗎？ means that he enjoys sufficient political support behind the scenes, which may dispel the concerns of other companies and prompt them to follow suit.
However, although Trump's coin currently has a market value of about $40 billion, the amount of funds it attracts is not enough. To truly attract a dollar inflow, it would take at least reaching a scale of several hundred billion dollars by selling coins. So, don't rush. If you miss the opportunity with Trump, there may be even more technology giants to follow.
In summary, the reason Trump issued coins himself is not simply "Be Played for Suckers", but to deal with the economic crisis in the United States and promote a new era of MAGA. He has opened up new sources of income for American businesses by using cryptographic coins, while reducing the pressure of American debt. It remains to be seen if other giants will follow!