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,

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.

The launch of $TRUMP, a meme coin associated with Donald Trump, has thrust the intersection of cryptocurrency, politics, and culture into the spotlight.