Memecoins
Trump Meme Coins Skyrocket After Supreme Court Ruling in His Favor
In short
- PolitiFi meme coins have seen significant volatility following a recent ruling by the US Supreme Court.
- Trump has toned down his stance on cryptocurrencies, now portraying himself as a pro-crypto candidate, accepting donations in digital assets and pledging to increase BTC mining efforts in the United States.
The big winners
The Republican Party’s candidate for the presidency of the United States – Donald Trump – has recently insured a major court victory. The billionaire, who has run into trouble with the law, was entitled to a certain degree of immunity from prosecution.
Trump had previously been impeached for his alleged attempts to overturn the results of the 2020 election in an effort to stay in power. He then lost to incumbent President Joe Biden. The latter described the Supreme Court ruling as a “dangerous precedent” and a “terrible disservice” to Americans.
Trump and Biden-related meme coins have seen a significant rally since the announcement. Trumpie (TRUMPIE), Super Trump (STRUMP), Donald Tremp (TREMP), and Jeo Boden (BODEN) are some of the biggest gainers. Interestingly, the largest Trump-themed token, MAGA, is slightly in the red.
Trump-related meme coins began to surge again late last month, when the two presidential candidates met in their first public debate. Many Americans expressed concerns about Biden’s age and fitness for office, as he struggled to answer some questions and appeared unsteady.
The latest polls indicate that Trump has slightly increased his lead over his opponent: 41.8% to 40.4%. Robert Kennedy, who collects 9.1% of the voter’s consensus, is currently in third place.
Is Trump the Right Choice for Cryptocurrency?
Donald Trump was a fierce critic of the cryptocurrency industry and Bitcoin (BTC) while serving as the 45th president of the United States. However, he began to soften his tone earlier this year, said can “live” with the primary digital resource:
“You probably have to do some regulation, as you know. But a lot of people are embracing it, and more and more, I see people wanting to pay for ‘bitcoin,’ and you’re seeing something interesting. So, I can live with it one way or another.”
A few months later, he described He called himself the right choice for pro-crypto voters, arguing that his opponent, Joe Biden, and his administration are against the sector:
“I’m fine with that. I want to make sure it’s good and solid and all that. But I’m fine with that. And if you like cryptocurrency in any form (and it comes in many different forms), if you’re in favor of cryptocurrency, you’d better vote for Trump.”
Last but not least, the billionaire promised to boost U.S. BTC mining efforts, describing the process as “the last line of defense against CBDC.” Meanwhile, Trump’s presidential campaign has begun accepting cryptocurrency donations.