"The reign of terror against crypto is over, and the beginning of innovation in America for crypto has just begun," Sacks said, speaking on Friday at the so-called crypto ball event, intended to drive support for Trump among the crypto community and demonstrate its value to the incoming administration.

The tokens, which warns it is not intended to be an “investment opportunity, investment contract, or security of any type’ traded as high as $US75.35.

Google search volumes for crypto-related terms have surged amid a market rally, driven by the launch of the Official TRUMP memecoin.

President-elect Donald Trump posted on his social media platform, Truth Social. “My NEW Official Trump Meme is HERE!” read the post, with an accompanying link and a picture of the incoming president,

Some experts believe that the release of Trump Memecoin could lead to increased scrutiny from regulatory bodies, as they attempt to understand and potentially control the proliferation of meme-inspired cryptocurrencies. This could result in stricter regulations on the issuance and trading of such coins.

As Ondo Finance marks a milestone year in the Real World Asset (RWA) sector, the unlock of 1.94 billion ONDO governance tokens sparks debate. With the Official Trump Token launch drawing market liquidity the same day,

President-elect Donald Trump has launched a new cryptocurrency token that's soaring in value and potentially boosting his net worth

A president-elect launching a new business product is a highly unusual move, and it is a major concern for ethics watchdogs.