The Trump family may be set to make waves once again – this time, in the world of cryptocurrency. Reports suggest they may be set to launch an Ethereum-based business, following the release of several Trump-branded memecoins and Donald Trump’s recent inauguration as the U.S. president.
According to Joseph Lubin, co-founder of Ethereum and founder of Consensys: “Based on what I am aware of, the Trump family will build one or more giant businesses on Ethereum. The Trump administration will do what is good for the USA, and that will involve ETH.” With the recent Ether purchases by Trump’s World Liberty Financial (WLFI) decentralized finance (DeFi) platform, it seems this could be a strong possibility.
“New developments under the Trump administration could enhance the legitimacy of cryptocurrencies, paving the way for the development of financial products such as ETFs and tokenized assets.”
But with newfound regulatory clarity comes challenges – including higher compliance costs, heightened security concerns, and the persistent issue of managing market volatility.
However, the Trump family’s memecoins may also bring a new legal gray area for the U.S. Securities and Exchange Commission. The question is: will they adapt to this new reality? Or tighten regulations to curb potential market manipulations? 😅
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2025-01-22 17:39