A new memecoin promoted by Trump on X and Truth Social has sent expectations of a Trump inauguration bombshell sky

The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he’s sworn in as president next week.

A leak has revealed the incoming Trump administration could create a wider crypto reserve—prioritizing U.S.-created cryptocurrencies such as XRP and

In December, Trump tapped Paul Atkins to lead the Securities and Exchange Commission. Atkins, a former SEC commissioner under President George W. Bush, has worked recently on digital assets and is set to replace Gary Gensler, who is seen by many as a crypto critic.

Trump's embrace of cryptocurrency could mark a change from the regulatory hammer that has fallen on crypto companies under the Biden administration.

Ahead of his return to the White House, the United States, US President-elect Donald Trump has launched his own cryptocurrency, $Trump. BBC reports that the meme coin quickly soared in market capitalisation to several billion dollars hours after it was launched.