Overview

• The $TRUMP token has generated an estimated $320 million for President Trump and affiliated businesses.
• Joe Kernen compared the meme coin to Hunter Biden’s art sales, saying both lacked transparency and could “grease the skids” for influence.
• Andrew Ross Sorkin warned that foreign adversaries or other actors might exploit the digital token to funnel money to the administration.
• Don Jr. said he was not involved in the meme coin and is focusing instead on stablecoin development and Bitcoin mining.
• Ethics watchdogs have raised alarms that bad actors could use the meme coin to purchase influence.