Trump Launches Crypto Meme Coin, Raking in Billions in Value
- President-Elect Donald Trump has launched a new cryptocurrency token, the Trump meme coin, which has quickly soared in value to as high as $70, potentially boosting his net worth just before his inauguration.
- The release of the Trump meme coin comes as Trump promises to usher in crypto-friendly regulations and has picked crypto cheerleaders for key government positions. The coin's website states that 200 million tokens are currently available, with plans to issue 1 billion over the next three years.
- Despite criticism from some crypto enthusiasts, who say the coin could be a dangerous way for special interests and foreign governments to try and buy influence with the president, the Trump meme coin's release has been hailed by some as symbolic of the incoming president's support for the cryptocurrency industry.
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Total News Sources0
Leaning Left43Leaning Right33Center31Last UpdatedBias Distribution40% Left
Bias Distribution
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40% Left
L 40%
C 29%
R 31%
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