Ivanka Trump has publicly warned her followers about a fake cryptocurrency called '$IVANKA' that is being promoted without her consent, emphasizing the potential risks of deception and fraud it poses to consumers. This incident occurred soon after her father's inauguration and amid similar ventures by the family with officially launched meme coins like $TRUMP and $MELANIA. The situation illustrates a broader issue within the cryptocurrency market, where misleading promotions thrive in an unregulated environment, leaving investors vulnerable to scams that blur the lines with legitimate projects.
It has come to my attention that a fake crypto coin called 'Ivanka Trump' or '$IVANKA' is being promoted without my consent or approval. To be clear: I have no involvement with this coin.
This promotion is deceptive, exploitative, and unacceptable, and the unauthorized use of my name and likeness is a violation of my rights.
Given the greater context, it's not exactly surprising Trump supporters are getting caught up in dubious crypto schemes, the result of a largely unregulated industry.
The boundaries between unofficial crypto scams and the president and the first lady's own meme coins are blurry, of course, since they roughly share the same playbook.
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