Trump is set to become the 47th President of the United States and is actively involved in the cryptocurrency sector. On the eve of his inauguration, Trump launched his meme coin, Official Trump [TRUMP], attracting attention in the digital asset space. REX Advisers and Osprey Funds have submitted applications to the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) that tracks TRUMP and other popular meme coins. This fund will also include established tokens such as Solana [SOL] and Ripple [XRP]. Although these tokens are classified as meme coins with no intrinsic value, their speculative pricing has drawn significant interest from traders. Nevertheless, the ETF tracking the price of TRUMP does not provide substantial benefits to investors. ETF analyst James Seyffart and ETF strategist Todd Sohn have expressed concerns regarding the SEC's new leadership's cryptocurrency-friendly policies. With Trump's administration's influence, the market anticipates that more new types of funds will be approved. SEC Chairman Mark Uyeda has announced the formation of a "crypto task force" to develop clearer regulations for digital assets.