On January 20, analysts at research and brokerage firm Bernstein (Bernstein) released a report saying that the launch of Meme Coin TRUMP after Trump's election as US President marked a paradigm shift in the cryptocurrency space in the United States and globally. Bernstein's team of analysts said that this marks the arrival of a new era of regulation, with the US government treating cryptocurrencies as a technology that directly reaches the masses. Bernstein said the US president-elect's token offering is an important signal for cryptocurrency developers in the US, especially in the context of the Biden administration's crackdown on the industry. It shows that it is possible to be bold in the US and not be afraid of issuing tokens - a new era of crypto regulation has arrived, the report noted. Meme, which draws on the Trump brand and political clout, has potential durability, but its success will depend on the token design, the report added.