Trump and FLOTUS Dive into Crypto With Meme Coins

Trump’s shifting stance on cryptocurrencies

Donald Trump’s entry into the cryptocurrency world marks a dramatic shift from his previous skepticism.

Once dismissing cryptocurrencies as a “scam,” the president has since adopted a more favorable stance.

In fact, his latest presidential campaign became the first in US history to accept cryptocurrency donations, facilitated through Coinbase Commerce. This has helped push cryptocurrencies into the spotlight.

The president has also proposed a US Bitcoin reserve, aiming to position the nation as a leader in digital finance.

Global conversations on Bitcoin reserves

The launch of the Trump coins coincides with a growing global conversation about Bitcoin as a strategic asset.

Governments and central banks, including those in Switzerland, Germany and Brazil, are exploring Bitcoin's potential role in national reserves. Under Trump’s leadership, the US has joined the debate — ahead of his return to office, his administration has advocated for Bitcoin to be made a reserve asset.

Legislative actions and plans have already materialized to support cryptocurrency reserves for national adoption, with some US states joining the fray as well.

Meanwhile, in Switzerland, the Swiss National Bank is evaluating the inclusion of Bitcoin in its reserves alongside gold, with discussions of a public referendum to decide the matter.

In Germany, former Finance Minister Christian Lindner has proposed that the European Central Bank and Bundesbank reduce reliance on the US dollar by incorporating Bitcoin.

For its part, Brazil has introduced the Sovereign Strategic Bitcoin Reserve (RESBit), aiming to allocate a portion of its reserves to Bitcoin. Meanwhile, Russia has also embraced digital currencies as a means to bypass western sanctions, with companies using domestically mined Bitcoin for international trade.

Experts warn of meme coin volatility

While the launches of $TRUMP and $MELANIA have generated excitement, concerns remain about the speculative nature of meme coins. Analysts warn that such assets are prone to volatility and large price fluctuations.

In addition, the blending of cryptocurrencies into the political arena has raised questions about the implications for governance and regulation. Critics argue that these developments blur the lines between politics, profit and influence, calling for greater oversight.