The crypto industry has high hopes that United States President-elect Donald Trump will bolster crypto adoption both in the US and globally. However, only time will tell if his newly launched Solana-based memecoin is a step in the right direction.

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.