On the eve of the coronation ceremony of US President -elect Donald Trump, he and his wife have launched digital currencies bearing their names, in a surprise move for the whole world, whether they are interested in digital currencies or even economists.
This step caused a widespread attack on the president and his wife, after fears of internal trade and work to raise the price of the currency and then abandon it completely, which is contrary to the American laws, although the president and his wife’s intention may be simpler than that, which is just a show to support digital currencies.
Trump’s total value of $ 12 billion and the value of the total “Melina” currency reached 1.7 billion dollars, according to the report “Coinmarketcap” specializing in digital currencies.
This step strengthened Trump’s position towards digital currencies and reassured the giants of this sector more, and with his children’s establishment to “World Liberty Financial” company, the digital currency trading, then the “Bitcoin” recovery and breaking the $ 100,000 barrier per currency, became clear Trump’s era will be open to digital currencies, and this drives us to ask. Can anyone build a digital currency as Trump did?
The concept of comic currencies
It is known about the digital currency community in general, as it is a largely comic and indignant society, as its members sees themselves revolutionary personalities that leave their mark in the world by offering digital currencies and their escape from the unified banking system around the world.
In this context, a group of digital currencies known as “Meme Coins”, which are digital currencies that have been developed and presented to be a comic permit around the world and various issues, which are usually of low value until they become popular and spread widely to jump their prices .
The Doge coin in which Elon Musk was one of the most prominent investors is a clear example of comic currencies, as the currency was sarcastically presented with a funny image via the Internet with a value of less than one dollar, and after Elon Musk’s interest in it, the currency jumped at the rate Unprecedented growth, achieving obscene richness for all investors.
Likewise, with the “Trump” and “Melina” currency, both are comic currencies that were offered to announce the support of the new White House government and its entourage of digital currencies, and a new era for digital currencies in the United States and its companies.
Can anyone offer their own digital currency?
The presence of a group of comic currencies that sicker is ease of launching digital currencies and making them popular, and despite this, it is not as easy as it seems, as it needs previous software experience in order to offer digital currencies and establish them in the Blockchain network.
In general, there are 3 options for launching new digital currencies, the first is to launch a currency connected to the old and already existing “Blockchain” network, so that this currency is part of the network and part of another currency, and a digital currency connected to the new Blockchain network can also be launched Completely, finally, the software code for the “Blockchain” network can be modified previously in what is known as “hard FORK” in order to launch the new digital currency.
However, there are no regulatory or administrative restrictions for the sake of digital currencies and their establishment completely, which makes the field attractive to various groups of society, including dealers in dark internet networks and internationally prohibited materials, as they can build their own digital currencies and determine their price and then sell them at the price that They want it.
Digital currencies during the Trump era
Trump surrounded himself with a group of the most important investors and businessmen interested in the digital currency sector, and this footnote is not limited to only Elon Musk, which appears at the forefront of the list of supporters of digital currencies in the new Trump government, but rather extends to many prominent names, including Trump’s children themselves.
Erck Trump and his brother Donald Trump Junior cooperated to establish an investment company in digital currencies in 2024 under the name “World Liberty Finance” under the slogan that made the economy great again, a clear indication of the slogan Trump in his previous campaign as well as being a sentence Shahira was said by US President Ronald Reagan.
The list of those interested in digital currencies in Trump’s footnote accommodates JD Vans, Vice President, who previously stated that he owns nearly $ 500,000 in the form of digital currencies alongside Vivic Ramasuami, who is strongly supporting the freedom provided by digital currencies and is one of the prominent Republican members, with Robert F. Kennedy, the son, who is the Minister of Health in the Trump administration and has repeatedly called for a national stock of digital currencies similar to gold.
We should not forget David Sachs, who has a close position from Trump being one of the most prominent investors, artificial intelligence men and digital currencies with Paul Attins, head of the Securities Committee and the stock exchange, who is known for his tendency to digital currencies.
Among the many executive orders issued by Trump in the early hours of his arrival at the Oval Office was an executive matter related to digital currencies, in a step to encourage the acquisition and storage of digital currencies in the United States.
The executive order includes directives for various federal bodies in order to organize work in the digital currency sector and build a strategic stock of them, as well as issuing laws that facilitate the work of various companies and bodies operating in the digital currency sector.
It should be noted that Trump’s previous presidential term was largely hostile to digital currencies, unlike this period in which he tends to digital currencies, as he said last July during one of the “Bitcoin” conference that he will work to enhance the position of the United States in the digital currency sector Heavily.
Although Trump’s executive orders were not clear regarding what is being done with digital currencies, the federal bodies have already begun to comply with them, including the Securities and Exchange Committee that has long been known for its hostile position of digital currencies and was the reason for the arrest of Bennckman Farid, the executive director of the platform FTX digital currencies.
The efforts of the Securities and Exchange Committee were embodied in building a new team specialized in dealing with digital currencies and everything related to it, and in the leadership of this team, Heyster Peres, whose support for digital currencies is known to the degree of launch of the title “Crypto Mom”.
Trump is expected to find left solutions to support digital currencies and enhance the position of its owners within the borders of the United States, as they were facing great challenges, especially in the event of keeping digital currencies personally within independent portfolios and not with central companies.
