The presidential working group will work to develop a federal regulatory framework for crypto markets. The group will be chaired by White House AI and crypto czar David Sacks and include the treasury secretary, SEC chair, and other various financial regulatory heads.
Trump coin surged to a market cap of $73 billion within 48 hours of its debut, beating out DOGE as the most valuable meme coin. But it soon dropped and is now worth around $7 billion on Thursday. Melania coin hovers in the $700 million range.