TRUMP coin explained: The $15B memecoin that shook crypto and politics

As the day of the US presidential inauguration dawned, Bitcoin hit an all-time high and pushed $110K, but this was eclipsed by the biggest story of the weekend: Donald Trump launched an official memecoin. That’s right, mere days before becoming US president once again, Trump launched a Solana-based memecoin, TRUMP, and it hit a market cap of $15 billion within 48 hours, breaching the top 15 cryptocurrencies. The move shocked people inside and outside of crypto, and we were left to wonder what it might mean for crypto taxes in the US, for regulations and even whether Trump might have violated the US Constitution. So, in today’s special episode, I break down the entire fiasco ahead of the inauguration.Further reading:What the release of Trump's memecoin signals for crypto regulationsTRUMP memecoin hits top 15 worldwide in 48 hours, sparking tax cut rumorsOfficial Trump memecoin captures crypto market trading volume as Bitcoin prepares for new highs‘Buy crypto’ and ‘Solana’ search volumes surge amid TRUMP meme frenzyDonald Trump’s memecoin drops 38% as wife Melania launches tokenTrumps accused of greed, grifting with back-to-back memecoin launchesRise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.