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News in English (USA) / 22.01.2025 / 08:00

Donald Trump and Melania Trump Launch Controversial Meme Coins Amid Ethical Concerns

The recent launch of meme coins by Donald and Melania Trump has sparked significant controversy and concern within the crypto community and beyond. While the $TRUMP token initially soared to an impressive market cap, raising ethical questions about potential foreign influence and corruption, many experts and critics have labeled these coins as scams or gambling tokens. Despite some conservative supporters, a growing number of voices warn against investing in these volatile assets, as they could represent one of the dumbest uses of cryptocurrency. The situation has also raised broader discussions surrounding crypto regulations, as the Trumps capitalize on their political status to generate wealth through these digital tokens.
Financial Times, Forbes, The Guardian, The Washington Post, The Daily Beast, Seeking Alpha, The Telegraph, Cointelegraph, Mint, CNN