President Donald Trump and First Lady Melania both launched cryptos ahead of their return to the White House in what is largely being taken as a positive sign for the digital asset market as a whole.The 47th president announced the arrival of his $TRUMP meme coin in posts on X and his own social-media platform Truth Social Friday night.

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.

President Trump's $TRUMP meme coin is being called a disappointment by token fans as crypto fever pushed bitcoin to a record high on Monday.