Donald Trump has made a big move into the crypto world as he prepares for his second term as U.S. president. He recently launched his own memecoin, which surged in value and increased his net worth significantly. His company, CIC Digital LLC, owns about 80% of the total supply, which is valued in the tens of billions of dollars. This move signals his strong support for cryptocurrency, both as an investment and as a policy priority .

Trump has also signed a crypto executive order, aiming to establish clear regulations for digital assets. This includes creating a Presidential Working Group on Digital Assets led by pro-crypto officials like David Sacks and Paul Atkins. The order revokes previous restrictions and prohibits the development of a U.S. Central Bank Digital Currency (CBDC), signaling a shift away from government-controlled digital money .

Additionally, Trump and his family launched a financial company, World Liberty Financial (WLF), which has partnered with various crypto firms. His pro-crypto policies are expected to boost the industry further, especially as Bitcoin recently hit an all-time high of over $109,000 following his election win .

Overall, Trump's return to power is being seen as a major win for the crypto industry, promising regulatory clarity and increased institutional investment. However, ethics watchdogs have raised concerns over his personal financial gains from these ventures .
#TrumptMarketInsights #BTC #ETH #GateioInto11