FameEX Morning Crypto News Recap | January 20, 2025

The United States Ushers in a New Era of Cryptocurrency Innovation

David Sacks, appointed by Trump as the White House AI and cryptocurrency director, announced on January 18 that the "reign of terror" against cryptocurrency has ended, signaling the start of a new era of cryptocurrency innovation in the United States.

Trump Debuts Virtual Currency TRUMP, Increasing Net Worth by 400% to $28 Billion

Trump’s launch of the virtual currency "TRUMP" quickly became the second most popular topic on Douyin, attracting massive attention. Meanwhile, the phrase "Trump’s net worth soared 400% overnight" trended on Weibo, as his net worth skyrocketed to $28 billion, driven by the success of "TRUMP," marking a 400% increase.

Trump Holds Recent Meetings with Founders of U.S. Crypto Projects

Trump's launch of the "TRUMP" virtual currency indicates a shift towards more crypto-friendly regulations in the U.S. This move could pave the way for a more favorable environment for cryptocurrencies, signaling potential changes in government attitudes towards digital currencies and their regulation moving forward.

Bitcoin Has Only Seen Three Down Years in Its History

A recent report reveals that Bitcoin has only faced three losing years in its entire history, underscoring its stability when compared to other investment assets.

Altcoins May Experience Significant Growth If Trump Makes a White House Comeback

Some industry experts suggest that altcoins might have more growth potential than Bitcoin if Trump returns to the White House. While Bitcoin enjoys regulatory certainty, altcoins, lacking this, could benefit significantly from a more favorable regulatory environment for digital assets under Trump's leadership.

Italian Lawmaker Recommends Bank Foundations Allocate Funds to Bitcoin

Italian lawmaker Marcello Coppo proposed that banking foundations allocate a small portion of their income to Bitcoin for potential high returns. These foundations, generally created to support social, cultural, and charitable initiatives.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​