A while ago, the "200 billion" statement about Trump caused a stir in the crypto circle, but the truth isn't that explosive. That amount refers to his directive for Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities, which has nothing to do with cryptocurrencies.

Regarding his actual involvement in the crypto space, the scale is far less exaggerated. By the end of 2025, he issued the $TRUMP Meme coin, with the family controlling 80% of the supply. Early on, he also withdrew $20 million USDC from the liquidity pool. Additionally, he participated in the DeFi project WLFI, raising about $550 million, and the market value of the WLFI tokens he indirectly holds exceeds $2 billion, though these assets are locked.

In the short term, these projects do have speculative potential, relying on Trump's persona and political heat. But the problem is that tokens like $TRUMP have no real technological support or practical application scenarios, and their prices fluctuate wildly, making retail investors easily trapped. Once market enthusiasm wanes, the prices of such tokens often plummet.

Although WLFI is a DeFi project, its close ties to Trump's political identity become a fatal flaw—regulatory and governance risks are obvious. What's more concerning is that the trend of tightening crypto regulations in the US is clear. A presidential candidate using their identity to issue tokens and create related projects for profit has already attracted regulatory attention. If policies tighten further, these projects could face restrictions or even delisting.

Market risks are also significant. The Trump family has a high level of control over these tokens, and a large sell-off could cause prices to crash instantly. Plus, the entire crypto market itself is subject to cyclical volatility; even slight changes in macro environment and market sentiment can cause related tokens to suffer.

If you're wondering how to respond, the advice is: stay away from Meme coins like $TRUMP, as the risks are too high for non-professional investors to handle. If you still want to allocate assets in crypto, consider focusing on mainstream projects or ETFs with real technological accumulation, practical applications, and relatively complete compliance systems—diversify your holdings and strictly control your positions. Also, keep a close eye on US crypto policies and the compliance progress of related projects to avoid being caught off guard by policy black swans. The fundamentals of #美国非农就业数据未达市场预期 and $BTC are relatively stable; these are more worthy of attention.