Additionally, Trump stated throughout the campaign that he would designate financial regulators who have a more favourable attitude towards digital assets and establish a strategic Bitcoin stockpile.
This raised hopes that he will loosen rules governing the cryptocurrency sector.
According to cryptocurrency trading platform Coinbase, Bitcoin surged to a record high of almost $109,000 following Trump’s victory.
David Sacks, the incoming cryptocurrency and artificial intelligence (AI) tsar, hosted a “Crypto Ball” in Washington, DC, on Friday.
This year has also seen a significant increase in other cryptocurrencies, such as Dogecoin, which has been pushed by well-known Trump supporter Elon Musk.
Regulators have been cracking down on cryptocurrency companies by suing exchanges under President Joe Biden, citing worries about fraud and money laundering.
The rise in popularity of “meme coins”—cryptocurrencies that are usually associated with a viral online trend or moment—has been greatly boosted by Dogecoin.
Melania’s own incorporated business, MKT World LLC, is the source of her meme coin. Since 2021, she has used the corporation for a number of endeavors, including the sale of photographs of herself in her role as first lady.
There are thousands of meme coins in circulation, and anyone may make and launch one.
Melania’s coin is already worth more than AI inventor Sam’s, and Trump and Melania’s coins have already made it into the top 100 coins in terms of value thanks to their social media presence and profiles.