Donald Trump's inauguration has been making waves in the cryptocurrency world. Just before taking office, Trump launched his own meme coin, which skyrocketed in value to over $12 billion. This move has raised eyebrows, with some critics accusing Trump of using his position to enrich himself and his ultra-wealthy friends.
The Trump coin is not the only crypto-related business linked to the former president. Trump has also been involved in other cryptocurrency ventures, including World Liberty Financial, a platform for investors to borrow and lend using cryptocurrencies.
Trump's support for the crypto industry has been seen as a positive move by some, with Ripple CEO Brad Garlinghouse noting a "Trump bull market" in the crypto space However, others have raised concerns about the potential for undue influence on the president and the lack of regulation in the industry.
TRUMP
5.247
-0.36%