TRUMP PROMOTES NEW MEME COIN BEFORE TAKING OFFICE ON PRO-CRYPTO AGENDA
President-elect Trump launched a memecoin, TRUMP, through an affiliate company of the Trump Organization during his inaugural Crypto Ball on Friday night. The project plans to issue 1 billion tokens over three years, with Trump retaining 80% of the supply. The launch comes as Trump prepares to take office with a pro-crypto agenda, having selected crypto-friendly officials for key positions and promising friendly regulations. Critics warn that the token could create conflicts of interest by allowing direct financial influence from token holders, though the website clarifies that it is an expression of support rather than an investment vehicle.