The first anniversary of the Official Trump meme coin has intensified debate over conflicts of interest and stalled crypto regulation in the United States.
Official Trump (TRUMP), launched days before Donald Trump’s second inauguration, is now trading above $4 with a market capitalisation close to $1 billion.
The Solana-based token briefly surged to a $10 billion valuation within hours of launch, overwhelming crypto wallet infrastructure.
TRUMP has since fallen roughly 93% from its all-time high near $73, according to market data.
The Trump family’s crypto ventures, including TRUMP, World Liberty Financial and the MELANIA token, have generated more than $1 billion in profits.
Critics say the president’s continued involvement in crypto ventures while in office has created unresolved conflict-of-interest concerns.
Lawmakers have increasingly cited Trump’s personal crypto gains as justification for slowing or blocking digital asset legislation.
“Trump's meme coin launch has done more harm than good to the industry as his political opponents are citing his personal gains from the meme coin launch as a reason to block or slow down the crypto's legislative process,”
Peter Chung said.
Chung added that the controversy has become an unnecessary distraction for broader crypto reform efforts.
Trump’s crypto activities have also been linked to delays in advancing the stablecoin-focused GENIUS Act.
In May, Representative Maxine Waters led a Democratic walkout over what she described as “Trump’s crypto corruption”.
Waters later introduced the Stop TRUMP in Crypto Act of 2025 to bar the president and family members from owning crypto assets while in office.
The Trump family’s crypto footprint extends to World Liberty Financial and its USD1 stablecoin.
Eric Trump said the family’s crypto profits were “probably more” than $1 billion, according to remarks to the Financial Times.
Last year, Trump hosted a private dinner for top TRUMP holders, including Tron founder Justin Sun.
“An orgy of corruption,”
Elizabeth Warren said.
World Liberty Financial has also faced scrutiny after disclosures showed the project significantly boosted the family’s net worth.
Lawmakers have described Trump’s reported crypto earnings as “open corruption” amid continued regulatory uncertainty.
At the time of reporting, Official Trump price was $4.95.