Hereโs the latest on Trump, FIFA, and crypto:
๐ What happened (March 7, 2025):
At the White Houseโs inaugural Digital Assets Summit, FIFA President Gianni Infantino and U.S. President Donald Trump joined the podium and floated the idea of launching a โFIFA Coinโ โ a FIFA-branded cryptocurrency developed in the U.S. to engage the sportโs ~5โฏbillion fans
Trump quipped, โThat coin may be worth more than FIFA in the endโฆย it could be quite a coin,โ which triggered a massive speculative frenzy
๐ Crypto reaction:
A token called โFIFA COINโ surged ~142,000% immediately afterward, briefly reaching a ~$3โฏmillion market cap on decentralized platformsโthough it has no official link to FIFA .
Crypto analysts warned this was likely a meme-coin pump without substance
๐ Summit context & broader implications:
- Trumpโs broader crypto push included establishing a Strategic Bitcoin Reserve, not selling seized bitcoin
- Infantino suggested FIFA Coin could be used for digital collectibles, ticketing, fan votingโpossibly built on platforms like Algorand .
- Reactions on Reddit ranged from skepticism to alarm, with users calling it a โscam,โ โrug pull,โ or โcircle jerkโ .
๐ฏ Key takeaways
| Point | Insight |
|---|---|
| No official launch yet | FIFA and Trump discussed a token idea. No formal FIFA Coin has been issued. |
| Meme-coin volatility | A similarly named token surgedโbut itโs unrelated and high-risk. |
| Crypto policy shift | Trumpโs summit also signaled a pro-crypto U.S. stance, with plans for a Bitcoin reserve. |
| Fan engagement potential | The concept could integrate crypto into sportsโvia NFTs, passes, fan votingโbut remains speculative. |
In short: Trump and Infantino publicly pitched a FIFA-linked cryptocurrency concept, stirring the crypto markets. But no official FIFA-backed coin exists yet, and observers caution against jumping on speculative tokens.
Let me know if you want to dive deeperโe.g., timeline, technical details, or FIFAโs broader crypto ambitions.
