Love Trump? Now You Can Buy His Meme Coin.

爱特朗普? 现在您可以购买他的模因硬币。

The Journal.

2025-01-24

20 分钟
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The crypto industry has hailed President Trump as a savior. But shortly before his inauguration, Trump made a surprise move that shook the crypto world. WSJ’s Vicky Ge Huang explains the president’s new cryptocurrency and why it has ruffled feathers. Further Reading: -$TRUMP Is Already Worth Billions. What to Know About the Meme Coin.  -Crypto Thought Trump Would Bring It Legitimacy. Then He Launched a Meme Coin.  Further Listening: -Bitcoin Hit $100k. What's Next?  -Inside the Trump Crypto Bromance  Learn more about your ad choices. Visit megaphone.fm/adchoices
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  • The Friday before inauguration, the crypto industry convened in D.C.

  • for a party.

  • They called it the Crypto Ball.

  • Our colleague Vicky Huang talked to some of the attendees.

  • Who was there?

  • Everyone.

  • A lot of the most high profile people in crypto were there, such as Coinbase CEO Brian Armstrong, the co founders of Crypto Exchange, Gemini, the Winklevoss brothers, and some of the most high profile political figures.

  • Trump's pick for Treasury Secretary was there.

  • So was the speaker of the House.

  • Guests noshed on beef tenderloin and tuna tartare.

  • They snapped up free swag like make bitcoin great again.

  • Hats and Trump style golden slippers.

  • Snoop Dogg performed.

  • What were they celebrating?

  • They were celebrating the inauguration of President Trump.

  • But beyond that, it was more about how President Trump has become the crypto.

  • Industry'S biggest cheerleader on the campaign trail.

  • Trump embraced crypto.

  • He promised industry friendly regulations and pledged to start a national bitcoin reserve.

  • And the crypto industry is embrace Trump right back, channeling contributions to him and other crypto friendly candidates.