Bernstein: Trump's issuance of TRUMP marks a paradigm shift in the global cryptocurrency space

ChainCatcher news, research and brokerage firm Bernstein analysts released a report stating that the Meme coin TRUMP, launched after Trump was elected President of the United States, marks a paradigm shift in the cryptocurrency field in the U.S. and globally. Bernstein's analyst team stated, "This marks the arrival of a new regulatory era, where the U.S. government views cryptocurrency as a technology that directly engages the public."

Bernstein noted that the token issuance by the incoming U.S. president is an important signal for American cryptocurrency developers, especially against the backdrop of the Biden administration's crackdown on the industry. The report pointed out, "This indicates that bold development can take place in the U.S. without fear of issuing tokens—a new era of crypto regulation has arrived." The report added that the Meme coin, leveraging the Trump brand and political influence, has "potential durability," but its success will depend on the token design.