TRUMP (OFFICIAL TRUMP) up 6.18% in the last 24 hours, currently at $5.70

Gate News Bot Message, January 14th, according to CoinMarketCap data, at press time, TRUMP (OFFICIAL TRUMP) is trading at $5.70, up 6.18% in the past 24 hours, with a high of $5.73 and a low of $5.26. The 24-hour trading volume reached $270 million. The current market capitalization is approximately $1.14 billion, an increase of $66.4 million compared to yesterday.

TRUMP is an official Trump-themed digital collectible card currency, designed to celebrate Trump’s spirit and courage. The token operates on the Solana and TRON blockchains, with an initial supply of 200 million tokens, planned to grow to 1 billion within three years. Users can purchase TRUMP tokens via the Moonshot platform using Apple Pay, debit cards, credit cards, Venmo, or cryptocurrencies (Solana/USDC). The project has launched a giveaway program for early official Trump product buyers; eligible users can receive 3 TRUMP tokens for free.

Important recent news about TRUMP:

1️⃣ Accelerating formation of US crypto regulatory framework, progress on market structure bill
The Trump administration’s stance on cryptocurrency regulation is becoming clearer. The Chair of the U.S. Securities and Exchange Commission expressed confidence that the crypto market structure bill will complete its congressional process and be signed by the President by 2026. The bill is seen as aligning with Trump’s strategic goal of making the U.S. a global crypto hub. An updated draft of the bill recently released by the Senate includes detailed regulations on stablecoin reward mechanisms, prohibiting interest earnings based on passive holdings but allowing incentives related to actual application activities. This gradual refinement of the institutional regulatory framework provides clearer development expectations for compliant digital assets, including TRUMP.

2️⃣ Trump administration pressures Federal Reserve, causing policy uncertainty
Recently, President Trump has continued to pressure Federal Reserve Chair Powell, demanding “substantial” interest rate cuts and calling him “incompetent or dishonest.” The U.S. Department of Justice has launched an investigation into the Fed’s renovation costs, with Powell describing it as an “excuse” to weaken the independence of the central bank. This event has prompted a joint international central bank response, reflecting market concerns over policy risks. Uncertainty and volatility in market sentiment could impact risk appetite for crypto assets, especially in an environment of fluctuating policy expectations.

3️⃣ Escalation of geopolitical tensions, safe-haven sentiment rising
The Trump administration announced a 25% tariff on countries trading with Iran and canceled meetings with Iranian officials unless protests’ killings cease. These policy signals have intensified global geopolitical tensions, supporting safe-haven assets like gold. In an environment of rising risk sentiment, market capital flows may diverge between traditional defensive assets and crypto assets. Highly volatile assets like TRUMP could face phased profit-taking pressures.

This message is not investment advice; please be aware of market volatility risks.