Ethically questionable, legally, who knows? Personally, I find lots of potential positives in many his proposed domestic and int'l initiatives, but still see the huckster, wondering if that's just as much of a scam as Trump's latest business venture to line his pockets at the expense of his followers:
Ethically questionable, legally, who knows? Personally, I find lots of potential positives in many his proposed domestic and int'l initiatives, but still see the huckster, wondering if that's just as much of a scam as Trump's latest business venture to line his pockets at the expense of his followers:
Trump-era monetization has begun (doubt appt'd regulators/SEC etc. will interfere): Trump’s new project is known as a meme coin, a highly volatile sort of token that crypto enthusiasts can buy and sell tied to an online trend or personality. In this case, it’s an image of Trump pumping his fist inspired by the assassination attempt in July. Dubbed $TRUMP, the incoming president fashioned the new offering as a way for his supporters to “celebrate everything we stand for.”But a digital firm affiliated with the Trump organization owns 80 percent of the supply, the project disclosed, and appears to collect a fee on sales. Trump has also promoted the project to his roughly 97 million followers on the social media site X, and on Sunday, he steered followers to a similar meme coin tied to incoming first lady Melania Trump.By Sunday evening, the total value of the $TRUMP project had reached more than $67 billion, according to CoinMarketCap, which tracks crypto prices and computed the figure by estimating the total market capitalization if every coin were in circulation.
Two of the president-elect’s sons, Eric and Donald Jr., described the project this weekend as the “hottest digital meme on earth,” and they promised the Trump family’s separate crypto project — a new token and platform called World Liberty Financial — would be the “future of finance.”
Additionally: Chinese cryptocurrency entrepreneur Justin Sun purchased $30 million in tokens from World Liberty Financial. Sun is under investigation by the SEC.
Ethically questionable, legally, who knows? Personally, I find lots of potential positives in many his proposed domestic and int'l initiatives, but still see the huckster, wondering if that's just as much of a scam as Trump's latest business venture to line his pockets at the expense of his followers:
Trump-era monetization has begun (doubt appt'd regulators/SEC etc. will interfere): Trump’s new project is known as a meme coin, a highly volatile sort of token that crypto enthusiasts can buy and sell tied to an online trend or personality. In this case, it’s an image of Trump pumping his fist inspired by the assassination attempt in July. Dubbed $TRUMP, the incoming president fashioned the new offering as a way for his supporters to “celebrate everything we stand for.”But a digital firm affiliated with the Trump organization owns 80 percent of the supply, the project disclosed, and appears to collect a fee on sales. Trump has also promoted the project to his roughly 97 million followers on the social media site X, and on Sunday, he steered followers to a similar meme coin tied to incoming first lady Melania Trump.By Sunday evening, the total value of the $TRUMP project had reached more than $67 billion, according to CoinMarketCap, which tracks crypto prices and computed the figure by estimating the total market capitalization if every coin were in circulation.
Two of the president-elect’s sons, Eric and Donald Jr., described the project this weekend as the “hottest digital meme on earth,” and they promised the Trump family’s separate crypto project — a new token and platform called World Liberty Financial — would be the “future of finance.”
Additionally: Chinese cryptocurrency entrepreneur Justin Sun purchased $30 million in tokens from World Liberty Financial. Sun is under investigation by the SEC.