Browsing: Crypto

Donald Trump’s foray into cryptocurrency with the $TRUMP token has generated both excitement and concern. This article examines the memecoin’s launch, its potential implications for the crypto industry, and the risks associated with such ventures.

The cryptocurrency industry invested heavily in the 2024 U.S. elections, backing candidates perceived as crypto-friendly. A significant portion of the $119 million spent by organizations like Coinbase and Ripple went to super PACs, and the strategy paid off, with many of their preferred candidates winning.