Trump's $TRUMP Cryptocurrency Launch Raises Questions

As Donald Trump is sworn in as the 47th U.S. president, the launch of his $TRUMP coin sparks both financial success and ethical concerns.

Donald Trump launched the $TRUMP meme coin ahead of his inauguration, briefly reaching a market cap of $70 billion before stabilizing at $9 billion.
The Trump Organization and affiliates hold 80% of $TRUMP tokens, raising concerns about potential conflicts of interest as Trump assumes the presidency with a pro-crypto agenda.
Melania Trump also launched a $MELANIA cryptocurrency, which initially affected $TRUMP's value but has since established a $1.65 billion market cap.
Critics, including ethics experts and industry leaders, warn that the coins could enable direct financial influence on the president and undermine trust in regulatory impartiality.
Trump's administration has pledged to prioritize crypto-friendly policies, including creating a national Bitcoin reserve and appointing pro-crypto officials to key regulatory positions.