Donald and Melania Trump have launched meme cryptocurrencies, $TRUMP and $MELANIA, which quickly surged in value, raising concerns over ethical implications and conflicts of interest.
Despite initial skepticism, Trump has embraced cryptocurrency, promising a favorable environment for its growth if re-elected, along with plans to influence regulatory approaches.
Ethical concerns arise as Trump, who will oversee crypto regulation, profits from cryptocurrencies that he and Melania have launched, highlighting a potential conflict of interest.
The majority of the $TRUMP coin’s supply is owned by Trump-affiliated firms, pointing to a significant financial interest that can affect White House policies.
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