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Donald and Melania Trump Launch a Pair of Meme Coins
Donald and Melania Trump have launched a pair of meme coins just before President Trump was sworn into office. The coins are already worth billions of dollars, raising "serious ethical questions and conflicts of interest," said Richard Painter, a law professor at the University of Minnesota. CNN rep...
The coins are already worth billions of dollars, raising "serious ethical questions and conflicts of interest," said Richard Painter, a law professor at the University of Minnesota. Meme coins are a type of highly volatile cryptocurrency inspired by popular internet or cultural trends. "Trump owning 80% and timing launch hours before inauguration is predatory and many will likely get hurt by it," Nick Tomaino, a former Coinbase executive, said in a post on X.
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