Trump's foray into cryptocurrency marks a significant shift from his previous stance in 2020, as he now embraces the technology promising to make the U.S. the 'crypto capital' of the world.
Critics argue that the timing of the $Trump launch, coinciding with the inauguration, and Trump's ownership of 80% of the coins suggest a predatory strategy rather than genuine investment.
Despite initial success with the $Trump coin, there are concerns from within the crypto community that it may be viewed as a cash grab aimed at exploiting Trump's supporter base.
Eric Trump stated, 'I am extremely proud of what we continue to accomplish in crypto,' reflecting the family's ambition to capitalize on their brand within the digital currency space.
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