The launch of President Trump’s meme token was met with mixed reactions among the crypto community. On one hand, Trump allied with crypto backers on the campaign trail, promising to cut back on legal challenges brought against crypto businesses and promote innovation in the United States. His launch of a meme coin was a sign he still cared about crypto. On the other hand, the crypto community just recovered from the implosion of 2022, including the collapse of the centralized exchange FTX. Since then, there have been major developments in mainstream adoption, like the launch of spot bitcoin ETFs in U.S. markets. Trump’s new cryptocurrency sparked fears it could stall the recovery of crypto’s image, and concerns about how the president might get richer as investors poured into Trump’s coin.
Chapters:
0:00- 0:52 Introduction
0:53 – 2:39 Chapter 1 Meme coin history
2:40 – 3:17 Chapter 2 Crypto’s downfall
3:18 – 5:04 Chapter 3 Rebuilding crypto’s image
5:05 – 8:20 Chapter 4 Reactions to Trump’s token
Hosted by: MacKenzie Sigalos
Produced, Shot, and Edited by: Kaan Oguz
Senior Managing Producer: Jordan Smith
Animation: Jason Reginato
Additional Footage: Getty Images
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to up your AI skills and be more productive? Take CNBC’s new online course on “How to use AI to be More Successful at Work” to leverage AI at work, and in life. Sign up now and use coupon code EARLYBIRD for an introductory discount of 30% off $67 (+ taxes and fees) through February 11, 2025: https://cnb.cx/40jZlNX
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC
#CNBC
#Crypto
#Trump
Why President Trump’s Meme Coin Is Raising Alarm Bells
source
![rewrite this title Hyperliquid Review [currentyear] – Is This Crypto Exchange Safe or a Scam?](https://i3.wp.com/www.cryptoninjas.net/wp-content/uploads/hyperliquid-review.jpg?w=120&resize=120,86&ssl=1 "rewrite this title Hyperliquid Review [currentyear] – Is This Crypto Exchange Safe or a Scam?")
