Summary
Donald Trump faced backlash after launching the $TRUMP cryptocurrency meme coin, valued at billions, days before his inauguration.
Experts, including former ethics officials, called it a major conflict of interest, as Trump has pledged pro-crypto policies while profiting personally.
First Lady Melania also launched her own coin, $MELANIA.
Critics warn the coins, which lack intrinsic value and are highly volatile, could lead to lawsuits and public losses.
Ethics experts described the move as one of the worst conflicts of interest in modern U.S. presidential history.
Melania coin? Absurd.
After they duped idiots out of millions with the Trump coin, they quickly (in 1 day) threw together the Melania coin. Because they saw how easy it was to pump their base for money, so they just did it twice because why not?
No way this is legal, but with Trump that doesn’t seem to matter one bit. They also state it has nothing to do with the presidency or any government related thing, but I don’t really see how that’s possible if it’s the official coin of the (at time of launch) president elect. Not that any of this will ever go to court, but still.
I wouldn’t be surprised if they release a Junior coin somewhere in the next months, the Trump base is so far gone they will continue to throw their money on the grift that is Trump.