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The TRUMP meme coin is down over 90% from its peak
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Trump-linked crypto ventures have generated over $1 billion
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Lawmakers cite conflicts of interest to block crypto legislation
One year after launch, the Official Trump meme coin continues to cast a long shadow over US crypto policy.
The Solana-based TRUMP token debuted just days before Donald Trump’s second inauguration and briefly surged to a market value near $10 billion. Trading activity was so intense that major wallets struggled to keep up. Since then, the token has fallen more than 90% from its highs, though it still maintains a market capitalization close to $1 billion.
The token’s legacy goes far beyond price action. Trump and his family now operate multiple crypto ventures, including World Liberty Financial and its USD1 stablecoin. According to public statements and reporting, Trump-linked crypto projects have generated more than $1 billion in profits, raising persistent conflict-of-interest concerns.
Democratic lawmakers have increasingly pointed to those profits as a reason to slow or block crypto legislation. Efforts to pass stablecoin and market structure bills have repeatedly stalled, with critics arguing that allowing a sitting president to benefit financially from crypto undermines public trust.
Proposals such as the Stop TRUMP in Crypto Act seek to bar presidents and close family members from owning or promoting digital assets while in office. Supporters say such measures are necessary to restore credibility, while critics argue they are politically motivated roadblocks to broader crypto reform.
As the TRUMP token enters its second year, it remains a flashpoint that continues to divide lawmakers and complicate the path toward regulatory clarity.
