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,”