Here’s the latest on Trump, FIFA, and crypto:
🔍 What happened (March 7, 2025):
At the White House’s inaugural Digital Assets Summit, FIFA President Gianni Infantino and U.S. President Donald Trump joined the podium and floated the idea of launching a “FIFA Coin” — a FIFA-branded cryptocurrency developed in the U.S. to engage the sport’s ~5 billion fans
Trump quipped, “That coin may be worth more than FIFA in the end… it could be quite a coin,” which triggered a massive speculative frenzy
📈 Crypto reaction:
A token called “FIFA COIN” surged ~142,000% immediately afterward, briefly reaching a ~$3 million market cap on decentralized platforms—though it has no official link to FIFA .
Crypto analysts warned this was likely a meme-coin pump without substance
📌 Summit context & broader implications:
- Trump’s 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 voting—possibly built on platforms like Algorand .
- Reactions on Reddit ranged from skepticism to alarm, with users calling it a “scam,” “rug pull,” or “circle jerk” .
🎯 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 surged—but it’s unrelated and high-risk. |
| Crypto policy shift | Trump’s summit also signaled a pro-crypto U.S. stance, with plans for a Bitcoin reserve. |
| Fan engagement potential | The concept could integrate crypto into sports—via NFTs, passes, fan voting—but 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 deeper—e.g., timeline, technical details, or FIFA’s broader crypto ambitions.
