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In tuxedos and floor-length gowns, crypto executives and adherents spilled through the Andrew W. Mellon Auditorium in Washington on Friday (US time), ready to toast the inauguration of Donald Trump – a leader who promises to become the most crypto-friendly US president.
“The reign of terror against crypto is over,” roared David Sacks, the venture capital executive appointed as Trump’s crypto tsar.
Just how pro-crypto can a president be? That same evening came the launch of a Trump meme coin – a virtual token that appears to offer direct financial benefit to the president-elect’s family. The token’s market value surged to about $US5.6 billion ($9 billion) by Saturday afternoon – which could mean a windfall of billions of dollars, at least on paper, for Trump-linked entities that own most of it.
“$Trump is currently the hottest digital meme on earth,” Eric Trump wrote on X. “We are just getting started!”
