The Dawn of PolicyFi

Are we witnessing the dawn of PolicyFi?

In an earlier article on why memecoins matter, I argued that memecoins are ushering in a new era of civic engagement by forming speculative markets in which citizens are able to trade coins tied to government policies. I suggested that holder distributions and market caps in those markets would signal popular support for underlying policies to lawmakers, who would then take them into account when crafting public policy, fostering a new form of political dialogue between citizen and state.

I called this dynamic PolicyFi and presented it as a constructive use of memecoins.

With the Trump administration coming into office and the President-Elect and First Lady launching memecoins, it is a good time to ask if we are entering the PolicyFi era and, if so, whether we should welcome it.

I believe the answer to each of these questions is yes. The convergence of a meme administration, a meme citizenry and meme advocacy has created fertile conditions for PolicyFi and, perhaps counter-intuitively, for better policy making.

Meme Admin, Meme Citizenry, Meme Advocacy

PolicyFi requires the installation of meme-sensitive government actors, or a “meme admin.” In the original piece, I suggested that the incoming administration fit the bill because it understood and respected the power of memes. When I wrote that, I was thinking mainly of Elon Musk and his affinity for dogecoin but also of Trump’s own adeptness at creating and harnessing memes on the campaign trail and while in office.

Admittedly, the President-Elect’s issuance of his own Solana memecoin (Trump), soon followed by his wife’s (Melania), a few days before he took the oath of office surprised even me. (I suspect the timing was driven by concerns over the Emoluments Clause.)

The Trump memecoins immediately soared, draining liquidity from every crypto ecosystem and almost breaking the Solana blockchain. If you are a crypto-native, y

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Author: Ivo Entchev

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