Awaiting Trump’s return to office, the cryptocurrency industry was thrilled by the president’s promises to provide clear-cut regulatory guidelines that would help the sector grow while easing the volatility it’s become notorious for.

Days ahead of Trump's inauguration as President of the United States, scheduled for Monday, Jan. 20, Trump launched the $TRUMP memecoin on crypto platform Solana. The President-elect posted the news from his official X account, making it as official as can be.

Memecoins have long traded in crypto markets, with Dogecoin perhaps the best-known example. Launched as a joke, the crypto has exploded in popularity over the years, with its price often riding on the whims of its backers — the best known of which is Elon Musk.

Here are some facts on the crypto positions of key members of the incoming administration and Donald Trump's inner circle.

Donald Trump’s new cryptocurrency has soared ahead of his inauguration. The $Trump token drew in billions in trading volume, giving it a market capitalization of about $12 billion.

What a weekend it has been for Donald Trump and his family; they’ve actually made the crypto market their personal circus by launching memecoin after memecoin. Every corner of crypto social media is hosting fierce debates between “this is going to end badly” and the investor optimism of “Trump is big for crypto.

Donald Trump and his wife Melania’s new memecoins ignited criticism from crypto executives who were expecting the digital-asset sector to be treated seriously by the Republican’s incoming US administration.

After years of butting heads with Washington policymakers, executives from crypto companies including Crypto.com, Kraken, and Exodus partied at the first-ever crypto inauguration