By Elizabeth Howcroft, Rae Wee and Michelle Conlin PARIS/SINGAPORE (Reuters) - The crypto project connected to President Donald Trump, World Liberty Financial, raised $1 billion in token sales, the company said on Monday,

President Donald Trump and First Lady Melania both launched cryptos ahead of their return to the White House in what is largely being taken as a positive sign for the digital asset market as a whole.The 47th president announced the arrival of his $TRUMP meme coin in posts on X and his own social-media platform Truth Social Friday night.

Awaiting Trump’s return to office, the cryptocurrency industry was thrilled by the president’s promises to provide clear-cut regulatory guidelines that would help the sector grow while easing the volatility it’s become notorious for.