Donald Trump’s $TRUMP Cryptocurrency Reignites Discussions About the Future of Crypto in the US

Donald Trump's recent launch of the $TRUMP cryptocurrency, which quickly achieved a valuation exceeding $30 billion, has intensified discussions about the future of crypto in the United States.

Fresh from announcing the launch of his own cryptocurrency, $TRUMP, which quickly reached a valuation of over $30 billion, former U.S. President Donald Trump is now setting his sights on prioritizing cryptocurrency as a national strategic tool.

With Trump's plans to be sworn in again, his administration's focus on crypto could have far-reaching effects on the global financial system and major players like Coinbase and XRP.

As the U.S. dollar's status as the dominant reserve currency was being challenged by global diversification under the Biden administration, Trump seems to see cryptocurrency as a way to strengthen the dollar again.

Co-founder of Omni Network, Austin King, highlighted in a thread on X that Trump intends to use crypto technologies to boost the U.S. dollar's global presence. His strategy involves empowering crypto firms based in the United States, which could lead to a shift in how digital assets are integrated into the financial system.

King pointed out that blockchain technology has advanced significantly over the past four years. While scams and scandals like the FTX collapse grabbed most of the attention, transactions are now almost instant and very cheap, allowing cryptocurrencies to compete strongly with traditional finance.

Trump's approach could position crypto as a key tool for exporting the dollar's influence, opening up new opportunities for companies like Ripple and Coinbase.

With the XRP Ledger (XRPL) and RLUSD stablecoin, Ripple is in a prime position to benefit from these developments. According to King, the supply of RLUSD will increase, driven by networks like Omni that are aiming to integrate the stablecoin across the broader on-chain economy. This could create massive revenue opportunities for XRP.

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As RLUSD adoption expands, diverse revenue models may be unlocked for Ripple beyond transaction fees, such as cross-chain fees. This marks a significant development for XRP, which could start capturing value from activities on other blockchain networks for the first time.

The potential scale of these changes is vast. According to King, stablecoins have about $100 billion in daily trading volume, which adds up to an annualized $36 trillion.

If Trump's plans come to fruition, this figure could increase as U.S. crypto companies capitalize on the growing demand for blockchain-based financial services. Together, Ripple's technology and Trump's strategy could accelerate the adoption of on-chain ecosystems worldwide.

While Trump's administration has yet to begin, these early moves suggest an ambitious vision for integrating crypto into the national and global economy. His long-term plans explain the optimism in the crypto market for his upcoming administration, and as King puts it, “This is just the start.”

: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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