Crypto Coin Launches
and First Lady launched their respective meme coins, $TRUMP and $MELANIA, just days before Trump's inauguration, with $TRUMP peaking at a market cap of $14.5 billion.
Despite their initial surge, both coins experienced significant value drops, raising questions about their volatility and the ethical implications of Trump's involvement.
Ethical and Regulatory Implications
Critics argue the Trump family's cryptocurrency ventures could be exploiting the presidency for personal gain, citing concerns over potential undue influence and the lack of regulatory oversight.
Supporters claim the launches are a testament to Trump's commitment to making the U.S. the "crypto capital of the planet," despite the absence of immediate crypto-focused executive orders.