Former U.S. President Donald Trump has launched a cryptocurrency  asset called $TRUMP, which surged to a valuation of $58 billion by his inauguration day. Critics label it a speculative token lacking the functionality of established cryptocurrencies like Bitcoin or Ethereum, raising concerns about potential pump-and-dump schemes. Trump’s pro-crypto stance contrasts with the UK’s cautious regulatory approach, leading industry leaders to predict that the U.S. may surpass the UK as the prime location for crypto ventures due to more favorable policies.