According to TheStreet Roundtable, Bitcoin surged past the $109,000 mark early Monday, setting a new all-time high.
This milestone arrives at the beginning of a potentially turbulent week as President Trump begins his second term in office, following a weekend filled with significant cryptocurrency activity linked to Trump-related developments.
Trump’s $TRUMP token made headlines by quickly reaching a $9 billion market cap, but the excitement was short-lived. The following day, Melania Trump launched her token, which triggered a 40% dip in the value of $TRUMP before it eventually rebounded.
Notably, the Trump family is advancing its decentralized finance (DeFi) platform, World Liberty Financial, with notable acquisitions and developments. Eric Trump hinted at more updates expected later on Monday, fueling speculation about the platform’s next moves. While Bitcoin’s new all-time high has sparked celebrations, the crypto community remains divided. Many members have expressed concerns about the implications of Trump’s ongoing focus on cryptocurrency, questioning the ethical considerations and potential long-term impacts on the industry.
The Forbes report suggested President Trump reduced potential legal challenges by completing both token launches before returning to office. However, uncertainty still surrounds how these tokens will align with the family’s DeFi platform, World Liberty Financial, and the broader implications for the cryptocurrency industry.
Meanwhile, Trump is planning to prioritize digital assets, with reports suggesting that he will issue an executive order designating cryptocurrency as a national priority following his inauguration on January 20, 2025. The order aims to enhance collaboration between the government and the cryptocurrency industry by creating a Crypto Advisory Council, which will give industry leaders a direct role in shaping federal policy. Additionally, Trump is expected to advocate for the repeal of the SEC’s controversial crypto accounting guidance. Paul Atkins, the incoming chair of the SEC, is likely to lead these efforts.
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