As Donald Trump begins his second term, describing himself as the “crypto president,” the crypto industry expects fundamental changes to occur in the US crypto ecosystem. Wall Street giants say Trump’s crypto policies offer easy investment opportunities, JPMorgan Chase & Co. and BlackRock Inc. He predicts that it will benefit large companies such as. But financial firms are concerned that President Trump’s TRUMP memecoin could have unintended consequences on possible crypto policies.
Wall Street Giants Are Exploring Crypto Opportunities
According to a Bloomberg report, Wall Street executives discussed potential opportunities in the crypto sector at the 2025 World Economic Forum in Davos, Switzerland. “With the Trump administration, we will see more convergence of traditional finance and crypto, which is something we need,” said Jenny Johnson, CEO of Franklin Templeton Investments.
However, Wall Street firms have emphasized the importance of regulatory clarity, especially regarding the custody of crypto assets. State Street Corp CEO Ron O’Hanley stated that possible changes in accounting rules could make it easier for banks to hold cryptocurrencies.
Finance Leaders and Memecoin Debate
At the meeting, financial companies suggested that the recent memecoin boom has significantly influenced Trump’s crypto policies. TD Cowen analyst Jaret Seiberg said TRUMP memecoin’s volatility could hinder efforts to pass digital asset legislation in Congress.
Democrats will demand details about who purchased the coins and who is responsible for the price increase. They will look to see if foreign governments, businesses and local companies are using the coin to influence Trump’s decision-making processes.
TRUMP Token’s Market Volatility Under Examination
Donald Trump’s TRUMP token reached $8 billion within three hours of its launch, boosting investor confidence. The token fell to $31 after reaching a peak of $73. In the last 24 hours, TRUMP is trading at $44.28, with an increase of 5.7%.
Wall Street’s focus on Trump’s crypto policies stands out as an important development among memecoin movements.
Financial firms state that ensuring regulatory clarity in the crypto market is critical for growth in the sector. Trump’s memecoin continues to create both interest and concern.
In light of these developments, the necessity of comprehensive regulations to ensure stability and reliability in the crypto market emerges.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
