SINGAPORE, Jan 20 (Reuters) - Donald Trump's newly

minted cryptocurrency soared on Monday to top $9 billion in

market value, drawing in billions in trading volume just hours

ahead of the U.S. President-elect's return to the White House.

The meme coin, also known as $TRUMP, surged 73% to $46.06

during Asian hours on Monday, giving it a market capitalisaton

of about $9.2 billion, according to CoinMarketCap. Its 24-hour

trading volume reached $42.2 billion.

Trump had on Friday launched the digital token branded with

an image from his attempted assassination in July, expanding his

cryptocurrency interests that already include World Liberty

Financial.

Even cryptocurrency community participants were surprised by

the launch of Trump's meme coin.

"While it's tempting to dismiss this as just another Trump

spectacle, the launch of the official Trump token opens up a

Pandora's box of ethical and regulatory questions," said Justin

D'Anethan, an independent crypto analyst based in Hong Kong.

While the coin represented a blending of the world of

decentralised finance (DeFi) into the political arena, it also

"blurs the lines between governance, profit, and influence,"

D'Anethan said.

"Should public figures, especially those with such political

clout, wield this kind of sway in speculative markets? That's a

question regulators are unlikely to ignore," he said.

Peter Schiff, chief economist and global strategist at Euro

Pacific Asset Management, pointed to the jump in $TRUMP's value

and called it the new digital gold, on messaging platform X.

Trump has promised to be a "crypto president", and is

expected to issue executive orders aimed at reducing crypto

regulatory roadblocks and promoting widespread adoption of

digital assets.

He is due to assume the presidency at noon ET (1700 GMT) on

Monday.

The prospect of looser regulations around crypto policy has

been met with fanfare by the industry and had turbocharged a

rally in bitcoin following Trump's election victory in

November.

The world's largest cryptocurrency last traded 2.6% lower at

$101,826.51 on Monday, and is up more than 10% for the month

thus far.

(Reporting by Rae Wee and Vidya Ranganathan; Editing by

Muralikumar Anantharaman)