Trump's Meme Coins and Crypto Policies Draw Legal and Ethical Scrutiny

President Trump launches controversial $TRUMP and $MELANIA coins and signs executive order promoting cryptocurrency innovation.

Senator Elizabeth Warren and Representative Jake Auchincloss have called for investigations into potential conflicts of interest and national security risks posed by the $TRUMP and $MELANIA meme coins.
The Trump Organization holds 80% of the $TRUMP coin supply, with its rapid value rise raising concerns of profiteering and risks to investors.
President Trump signed an executive order establishing a working group to develop a federal crypto regulatory framework and explore a national digital asset stockpile.
The executive order bans work on a U.S. central bank digital currency and revokes Biden-era crypto regulations, signaling a pro-crypto shift in policy.
Critics argue the classification of meme coins as 'art' may be a legal strategy to avoid securities regulations, further complicating oversight.