World News

Melania Trump launched cryptocurrency on the eve of the inauguration

A disclaimer on the website of both the $Trump and $Melania coins said they are “not intended to be, or subject to” an investment opportunity or security.

According to the CoinMarketCap website, Trump currently has a total market value of around $8.7bn (£7.1bn), while Melania’s is around $1.3bn.

Trump had previously called crypto a “scam” but during the 2024 election campaign he became the first presidential candidate to accept digital assets as donations.

On the campaign trail, Trump also said he would create a strategic bitcoin stockpile and appoint financial regulators who take a more positive stance on the digital asset.

That raised hopes that he would deregulate the crypto industry.

After Trump’s victory, bitcoin jumped to a record high and is currently trading at $140,000, according to the crypto trading platform Coinbase.

On Friday, incoming artificial intelligence (AI) and crypto tsar David Sacks hosted the “Crypto Ball” in Washington, DC.

Other cryptocurrencies, including dogecoin – which has been promoted by top Trump supporter Elon Musk – have also risen sharply this year.

Under President Joe Biden, regulators have voiced concerns about fraud and money laundering as they crack down on crypto companies in exchange.


Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button