Galaxy Digital CEO Hails Trump as ’Amazing for Crypto’ – But What About the TRUMP Meme Coin?
Galaxy Digital CEO Mike Novogratz has praised Donald Trump’s influence on the cryptocurrency sector, calling the former president "amazing for crypto." Novogratz emphasized Trump’s backing of a proposed national digital asset reserve as a major step toward regulatory clarity.
Meanwhile, skepticism surrounds the OFFICIAL TRUMP (TRUMP) meme coin, which has gained traction amid Trump’s renewed engagement with digital assets. Critics warn the coin could erode trust in the industry, despite its political appeal.
The contrast between institutional progress and speculative meme coins highlights the complex dynamics shaping crypto markets. Regulatory tailwinds stand in stark opposition to the risks posed by politically themed tokens lacking fundamental value.
