What Trump’s Presidency Could Mean For Meme Coins

It has been a few weeks since the US Presidential elections were held and in the wake of Trump’s victory, many different industries are evaluating their futures. One of these is the cryptocurrency industry, which found itself as a bigger player in this latest election cycle. 

As far as some are concerned, Trump’s win will usher in a new wave of pro-crypto regulations and growth, while others are sceptical. But what will this win mean for not just cryptocurrency overall but meme coins specifically? In this article, we’ll dive into the asset class that has been as controversial as the politician himself. 

The Effects on Meme Coins

Meme coins have always been one of the more interesting types of digital assets in the crypto space. The fact that they are based on internet jokes has seen them bashed by even the most passionate crypto lovers, many of whom don’t know what to do with the asset class. But despite the controversy, they have continued to be popular. Dogecoin, the most famous meme coin, is in the top 10 cryptos by market cap and newer meme coins have performed well in the market. And as Kane Pepi writes in a guide by Techopedia, many of the best crypto to buy at the moment are meme coins such as Pepe Unchained and Crypto All-Stars.

As we enter another Trump presidency, we can expect meme coins to shine even more. First, many industry experts believe that Trump will usher in a new era of crypto industry growth thanks to his policies. This will benefit not only the crypto space as a whole but meme coins as well. Then there will be the influx of more meme coins thanks to Trump.

Say what you will about Trump’s time in office but it had many notable and memeable moments. The lead-up to the elections already saw several Trump-related meme coins released and in the next 4 years, we can expect more to come along. Public figures have been the focus of meme coins in the past but this will be on a whole other level moving forward. 

Dogecoin especially is set to do well during the Trump presidency. The token has always been closely linked to billionaire Elon Musk, who promoted it heavily online and used it in SpaceX activities. The two are so linked, in fact, that Musk was unsuccessfully sued for manipulating the price with his influence, Now that Trump has won and Musk is clearly part of his inner circle, we can bet that Musk will be more vocal with his support for the token. He was recently named the head of the Department of Government Efficiency (DOGE) which shows has much support there is for his crypto-leaning endeavours.

But beyond all of this, the connection that meme coins now have to the US presidency will lend them a level of credibility that has eluded them before. And once the Trump presidency is over, meme coins should be in a much better place overall. 

Trump’s Crypto History

While we are awaiting the beginning of Trump’s second term, it is worth taking a look back at his history with the asset class. The former president has actually not always been a fan of the asset class. In fact, he called Bitcoin a scam years ago and wasn’t notable for being pro-crypto during his first term. During his time out of office, his stance seemed to change. He and his wife released lines of NFTs, which are also based on blockchain technology. 

As he campaigned in 2024, he took the stance of being the candidate for the crypto industry. He began accepting crypto for his campaign donations, scored endorsements from major figures in the industry, and made some bold statements about how he would treat crypto if re-elected. Specifically, he said that he would fire the current head of the Securities and Exchange Commission, scrap plans for a digital dollar project, and take the digital asset industry to new heights. 

And while these are all lofty plans, we will have to wait and see what Trump’s second term brings. Some are still sceptical about his intentions and whether he has the power to enforce them while others are optimistic.

Conclusion

Meme coins have had quite th journey within the crypto industry. Even though they’ve been treated as a joke by some, they’ve continued to grow from strength to strength, defying the odds and gaining a passionate base of investors. The next phase of meme coins’ growth will likely be triggered by the Trump presidency, as well as other developments that have been brewing for years.

Trump being in office is predicted to benefit the crypto sector, which includes meme coins. On top of this, the increased visibility of tokens connected to Trump and the inevitable creation of more will only create a more robust environment.