Yigit Taha OZTURK 
The Trump family may expand its presence in the cryptocurrency industry by launching an Ethereum-based business. This speculation arose following the release of several Trump-branded memecoins and Donald Trump’s inauguration as the 47th President of the United States on January 20.
Joseph Lubin, co-founder of Ethereum and founder of Consensys, hinted at this development in a January 21 post on X.
“Based on what I am aware of, the Trump family will build one or more giant businesses on Ethereum,” Lubin stated, adding, “The Trump administration will do what is good for the USA, and that will involve ETH.”
Lubin suggested that the Trump administration might integrate Ethereum technology into government activities, much like the current use of internet protocols.
World Liberty Financial’s Ether Purchases
Although no official announcement has been made, Lubin pointed to recent Ether (ETH) purchases by World Liberty Financial (WLFI), a decentralized finance platform.
According to Arkham Intelligence data, a wallet labeled as WLFI has accumulated 55,341 ETH, worth over $183 million. Ether is the wallet’s largest holding after USD Coin (USDC), Circle’s stablecoin.
Trump Administration: Convergence of Crypto and Traditional Finance
Jenny Johnson, CEO of Franklin Templeton, stated that the Trump administration could provide greater regulatory clarity, fostering deeper integration between traditional finance and the cryptocurrency industry. Ryan Lee, chief analyst at Bitget Research, explained that regulatory clarity could act as a catalyst for market growth, especially in the development of cryptocurrency-based exchange-traded funds (ETFs) and tokenized assets.
You Might Be Interested In: Elon Musk Shared, That Memecoin Flew: Up 500%!
Lee further noted:
“This convergence may enhance the legitimacy of cryptocurrencies, paving the way for the development of financial products such as ETFs and tokenized assets. However, it also introduces challenges, including higher compliance costs, heightened security concerns, and the persistent issue of managing market volatility.”
According to Lee, regulatory clarity will provide a stable framework for crypto businesses, ultimately attracting more market participants.
Trump Memecoins and Legal Challenges
Meanwhile, the Trump family’s memecoins could create a new legal gray area for the U.S. securities regulator. Anndy Lian, an author and intergovernmental blockchain adviser, pointed out that the launch of these memecoins could set a precedent that blurs the lines between celebrity, politics, and finance.
Lian commented:
“The risk here is that without stringent oversight, the market could be flooded with similar tokens, potentially leading to volatility, scams, or even undermining the credibility of cryptocurrencies.”
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.