President Trump is hosting the first crypto summit at the White House, with hopes for a clearer path involving little regulation in the future. Estimates show that 7-28% of U.S. adults invest in crypto, with the market valued at around $3 trillion. Concerns about the stability of crypto and potential conflicts of interest with Trump are also raised. Cryptocurrency like Bitcoin is purely digital and its appeal lies in its decentralized nature and potential for quick, low-cost transactions. Meme coins, themed around ideas with no real business behind them, have gained popularity but are risky investments. Trump himself launched a meme coin, causing controversy and leading to financial losses for many investors. Trump’s involvement in the crypto world, including launching NFT projects and owning a crypto-based company, raises concerns about conflicts of interest and potential influence on policy. Critics question the transparency and legality of Trump’s crypto ventures and their potential impact on the industry.
