The Scoop: Crypto goes mainstream in a post-Trump inauguration era

Markets are grappling with uncertainty in the wake of Donald Trump’s inauguration, but there’s an undeniable shift flying under the radar: crypto is no longer a dirty word.

The transformation is striking. Just a year ago, figures like SEC Chair Gary Gensler and Senator Elizabeth Warren were leading the charge against crypto, framing it as a threat to consumers and the economy. Now, crypto is emerging as a potential pillar of economic growth—even finding a seat at the table during Trump’s inaugural celebrations.

That said, the recent launch of a Trump-tied memecoin raises eyebrows, even among the most enthusiastic crypto advocates. Personally, I’ve always seen the appeal of memecoins—within reason. The concept of capturing value from a cultural joke or meme is fascinating, especially given its broader potential market appeal compared to, say, a niche perpetual swaps trading platform.

But this particular launch underscores the unpredictability of Trump-era policymaking. If a sitting president—or his orbit—can successfully back a memecoin, what else might follow? How could this impact trade policies, geopolitical strategies, or broader market sentiment? These are questions that may leave investors on edge.

Still, one thing is clear: crypto’s reputation has taken a dramatic turn for the better. It’s no longer a pariah in financial and regulatory circles—it’s a key player in the conversation about innovation and economic growth. And for that, we can raise a glass.

Cheers to the new era of crypto.

The Block’s Frank Chaparro serves up the latest headlines, charts, trends, and views on crypto and DeFi from around The Block, Twitter, and The Scoop pod. Subscribe to The Scoop newsletter, which hits inboxes on Tuesday and Friday mornings.

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