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The Impact of Trump on Crypto: Power, Memecoins, and Questions

The Impact of Trump on Crypto: Power, Memecoins, and Questions

The first 100 days of Donald Trump's new presidency have left a deep mark on the crypto world. What began with promising words about digital innovation quickly turned into an unpredictable mix of opportunities and uncertainties.

Trump‘s Crypto Kickoff: Promising Words, Mixed Results

On the first day of his term, a clear signal was given: crypto is on the agenda. With the launch of a memecoin linked to his family business, Trump showed that he takes the sector seriously. Although the coin attracted much attention, transparency about its actual value or utility was lacking.

Disclaimer: This is not financial advice. Always do your own research and consider professional guidance.

Pro-Crypto Appointments: Policy Shift or Conflict of Interest?

On day one, Trump appointed several crypto advocates to key government agencies. Entrepreneurs and investors with backgrounds in digital assets appeared at both regulatory bodies and his advisory board. These appointments were seen by some as hopeful – especially due to the call for clear legislation – but also raised concerns about potential conflicts of interest.

AI Ambitions and Digital Control

Shortly after taking office, Trump announced a large-scale initiative in artificial intelligence, aiming to maintain technological leadership. At the same time, he voiced opposition to the introduction of a central bank digital currency in the U.S. A striking move that split the sector: some saw it as a defense of financial privacy, others as a politically motivated delay.

Trade War and Crypto

The president swiftly imposed economic measures without prior notice, such as trade tariffs on countries like Mexico, Canada, and China. This step had a direct impact on financial markets, including crypto. The uncertainty around international trade also affected miners, who faced higher costs for equipment.

In addition, Trump made headlines with unexpected legal decisions, including pardoning a controversial figure from crypto‘s early days. This positioned him as a defender of free internet traffic and digital independence, but also raised ethical questions about his motives.

U.S. Digital Reserve

In March, an official decision followed to establish a U.S. ‘Bitcoin reserve‘ – a pool of previously seized crypto assets. The gesture was presented as a strategic move, but concrete plans for acquisitions or policy were lacking. A broader 'digital reserve' was also announced, including Ethereum, Solana, and XRP.

The White House Crypto Summit

During a Crypto Summit at the White House, prominent industry players came together. While some participants were optimistic about the future, skepticism also surfaced. Without real legislation, it was emphasized, these meetings remain symbolic. The sector is waiting for clarity, not just show.

Trump Token Dinner: Political Access Through Crypto?

A remarkable moment came at the end of April, when it was revealed that holders of Trump tokens might gain access to an exclusive dinner with the president himself. Rumors circulated that a contribution of as much as $300,000 would be enough for a seat at the table.

Although these reports were later denied, it caused a stir in both political and financial circles. The impression that crypto tokens could serve as tickets to political influence undermined trust in the neutrality of government policy. For many observers, this raised the question: where is the line between digital innovation and conflict of interest?

A Tense Finale

With the introduction of new, broad trade tariffs on ‘Liberation Day,‘ Trump concluded his first 100 days. These measures caused unrest in financial markets. In the crypto sector, they led to increased costs, especially for American mining companies. Critics, including former communications chief Anthony Scaramucci, called it one of the most chaotic starts to a presidency in modern history.

Disclaimer: This is not financial advice. Always do your own research and consider professional guidance.