In a surprising development, World Liberty Financial (WLFI), a cryptocurrency initiative led by President Donald Trump, has accumulated more than $388 million in digital assets. What Happened: Blockchain analytics platform Arkham disclosed that WLFI augmented its cryptocurrency portfolio by procuring a significant amount of Ethereum (CRYPTO: ETH) and Tron (CRYPTO: TRX).

Bitcoin passed the $100,000 mark for the first time just last December. Could this be the year crypto goes mainstream?

Space X and Tesla CEO Elon Musk, who Trump has appointed as co-lead in the newly created Department of Government Efficiency (DOGE), stands as the richest person in the world with a fortune of $433.9 billion, per Forbes.

The new business venture by the Trump family is generating intensifying criticism and ethics questions, even as it has turned into an overnight phenomenon, generating a windfall on paper.

The House Financial Services Committee has already scheduled two hearings on crypto next month. The first, on Feb. 6, 2025, will focus on the aforementioned debanking. The second, set for Feb. 11, is titled "A Golden Age of Digital Assets: Charting a Path Forward."

President Donald Trump signed an executive order for advancing crypto innovation in US and also exploring a national digital asset stockpile.

Until, of course, in 2013 the Silk Road was shut down by FBI agents and Mr Ulbricht, then 29 years old, was arrested in the science-fiction section of a San Francisco public library. In 2015, after a four-week trial,

Donald Trump launched $TRUMP cryptocurrency, a meme coin, days before his inauguration. It quickly reached over $32 billion in value. Melania has now launched her own.

The incoming first couple have launched a pair of meme coins in the leadup to president-elect Donald Trump’s inauguration that are already worth billions of dollars on paper. But the timing of the Trump cryptocurrency launch,

Melania Trump launched a meme coin on the eve of her husband’s inauguration — causing his own new cryptocurrency to briefly tank amid a buying frenzy. The incoming first lady dropped news of the cryptocurrency — “$MELANIA” — on Sunday night — just days after her husband, President-elect Donald Trump, revealed his own newly created $TRUMP coin.

According to a disclaimer on the Trump Meme website, Trump Organization-affiliated entities hold 80 percent of the cryptocurrency, and will earn profits from the "trading revenue" generated through sales.