US President Donald Trump is known to be more amenable to cryptocurrency compared to any of his predecessors. His trusted aide and Tesla Chief Elon Musk’s love for cryptocurrencies, especially Dogecoin, is well known.
Often, his tweets on cryptocurrencies would precipitate a surge in crypto assets. Something similar happened at the White House Crypto Summit, where the FIFA World Cup trophy was also exhibited. It only added more pomp to the high-profile event, which focused on digital assets and blockchain policy.
However, what set tongues wagging was President Donald Trump’s comments on the possibility of a FIFA COIN, stating that it would be quite an incredible coin and more than FIFA. The comments sent netizens into a tizzy and spawned a huge debate about the possibility of a FIFA-branded cryptocurrency becoming a reality.
The FIFA 2026 World Cup is special because it will be hosted by three nations: Canada, the USA, and Mexico. This edition will also feature 48 teams who will fight it out to get their hands on the trophy, with 104 matches.
FIFA CEO: “Fifa is very interested in developing a FIFA Coin, here in America and to conquer the 5billion soccer fans in the world.” We will conquer the world with Fifa Coin.
Trump: “that coin may be worth more than fifa in the end, it could be quite a coin actually.” pic.twitter.com/UdBDQfZHEg
— absol (@absolquant) March 7, 2025
However, Trump’s statement precipitated the sudden surge in the value of a nondescript cryptocurrency by the name of FIFA COIN (FIFA) by 142,000%, achieving a capitalization of approximately $3 million.
The FIFA COIN is traded on decentralized exchanges like Uniswap and, after Trump’s statement, saw a sudden surge in trading volumes, reaching a figure of $0.65 and a price of $0.0645 in the past day. However, it must be noted that FIFA COIN has absolutely no connection with FIFA or the upcoming FIFA World Cup 2026.
Experts caution investors to be extra cautious while investing in such crypto assets, which can also be designated as opportunistic meme coins whose values fluctuate wildly post-major public events or statements from influential figures. In the past, similar projects have led to investors losing huge amounts.
The White House Crypto Summit saw attendance by some of the biggest names in the crypto sector, including Coinbase CEO Brian Armstrong, MicroStrategy’s Michael Saylor, and Kraken CEO Arjun Sethi. As already mentioned, US President Donald Trump has stated that he wants the US to become the global leader in cryptocurrency.
Despite the positive vibes from US President Donald Trump, there are questions about crypto regulation, and Treasury Secretary Scott Besant has also stated that the US government is working with the IRS on tax policies and stablecoin regulations.
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