- Executive order issued by Trump, influences cryptocurrency market.
- TRUMP token market cap reached $2.2 billion.
- Solana and meme tokens saw increased activity.
Trump issued an executive order on January 23, 2025, promoting cryptocurrency deregulation in the United States, opposing a central bank digital currency. This follows his re-election and is linked to the TRUMP token on Solana.
Trump’s executive order supporting cryptocurrency marks a substantial policy shift, potentially influencing the long-term crypto market dynamics in the U.S.
Market Growth in 2025
President Trump’s order on crypto policy encouraged market growth in 2025, eliminating restrictive regulations. The TRUMP token, built on Solana, reflected these changes by attracting significant investor interest, rapidly growing its market cap following the announcement.
“The January 23, 2025 executive order by President Trump has deregulated significant swathes of the U.S. crypto market and explicitly barred a central bank digital dollar, aiming to ‘create a more favourable environment for cryptocurrencies’.”
Donald Trump’s Stance
Donald Trump’s pro-crypto stance contrasts past skepticism, deliberately impacting the crypto sector. The executive order rejected a central bank digital currency, framing the TRUMP token as both a speculative vehicle and a political statement, according to multiple reports.
Industry Effects
The executive order prompted effects across the industry, introducing new dynamics. Solana experienced increased activity, piggybacking off the TRUMP token’s success. Exchanges have taken up TRUMP as a speculative vehicle, augmenting trading volumes sharply post-announcement.
Regulatory and Political Impacts
Both political and regulatory frameworks are reshaping cryptocurrency. The deregulation has encouraged broad speculative entries into meme tokens. Analysts temper enthusiasm with caution, emphasizing potential for regulatory challenges and price volatility in TRUMP and related assets.
Projections for TRUMP
Meme coin ETFs have capitalized on these changes, seeing mirrored trends in speculative flows. Projections for TRUMP price remain speculative, suggesting fluctuating values with potential for highs above $100, with continuous adoption and policy advantages driving these assumptions.
