According to Consensys founder Joseph Lubin the Trump family will enter the cryptocurrency market by creating major Ethereum-based companies. After Donald Trump won the 2021 presidential election and launched Trump-themed crypto tokens the market predicts he will introduce Ethereum-based business operations.
The Trump family will begin major Ethereum-based business operations according to Joseph Lubin’s X update published January 21. He recommended governments should use Ethereum technology alongside internet protocols to operate their activities.
Ethereum’s Engagement Remains Unconfirmed
Ethereum’s growing engagement remains unconfirmed but strong indicators suggest its participation will rise. WLFI recorded 55,341 ETH as its biggest wallet holding just below Circle’s USD Coin according to Arkham Intelligence statistics.
Financial experts think the Trump administration needs to set guidelines that help grow the crypto industry. Franklin Templeton CEO Jenny Johnson and Bitget Research chief analyst Ryan Lee believe that formal regulations will help develop both the crypto sector and the exchange-traded fund business.
“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.”
A consistent system of rules would ensure investors feel safe in cryptocurrency markets for many years to come. The Trump family’s business with memecoins creates potential compliance difficulties. The excess of celebrity-backed tokens will likely draw greater SEC investigations according to Anndy Lian in his role as blockchain adviser for intergovernmental entities.
Lian believed creating tokens without proper oversight would create market instability and raise SEC concerns alongside increasing fraudulent activity and risk to overall crypto faith. The Official Trump (TRUMP) token has grown by 10.5% during the last day as its prices began rising again.
“The question now is whether the SEC will tighten regulations to curb potential market manipulations or if they will adapt to this new reality by establishing clearer guidelines for such tokens.”
According to CoinMarketCap records TRUMP tokens hold less than half of their peak value at $75.35 reached on Jan. 19. The crypto industry watches patiently while the Trump administration creates policies that will shape Ethereum’s place in United States financial markets.
