The launch of the TRUMP meme cryptocurrency on the Solana platform has sparked interest and shifted the dynamics of the crypto market.
Launch of TRUMP Meme Coin
Donald Trump has introduced his own meme coin called 'TRUMP' on the Solana platform. As of the time of writing, its price stands at $47, with a market cap close to $9.5 billion. Within 24 hours of its launch, TRUMP has entered the top 20 cryptocurrencies by market cap.
Impact on Ripple vs SEC Lawsuit
Prominent crypto lawyer Bill Morgan provided insights into the implications of the new cryptocurrency on the Ripple vs SEC case. Morgan believes that Ripple's appeal is gaining strength, as Trump's stance suggests that digital assets might not necessarily require SEC registration.
Market Position and XRP
The legal battles between XRP and the SEC continue. The SEC filed an appeal in January 2025 against Judge Analisa Torres' ruling that XRP sales to retail investors didn't constitute unregistered securities offerings. This case is significant in light of current market developments.
Donald Trump's new meme coin has made a significant impact on the crypto market, opening additional possibilities for Ripple in their case against the SEC.
