Trump's meme coin tops US$10 billion market cap as he takes office

Quick Summary:

The prospect of looser regulations around crypto policy has been met with fanfare by the industry and has turbocharged a rally in bitcoin following Trump's election victory in November.

Trump's coin represented a blending of the world of decentralised finance into the political arena, but it also "blurs the lines between governance, profit and influence," D'Anethan said.

Four-fifths of Trump coin's tokens are owned by CIC Digital, an affiliate of Trump's business, and another entity called Fight, Fight, Fight, according to its website.

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Article Details

Category: EconomyBusiness

Markets: SingaporeHong KongUnited States

Topics: President Trading Cryptocurrency Market Trump Digital Coins Coin Melania Crypto Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-21 @ 04:49:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 834 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 25305598

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 1 hours ago

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