Trump's $TRUMP cryptocurrency surges ahead of inauguration, sparking ethical and regulatory concerns.

From Investing.com: 2025-01-19 23:25:44

Donald Trump’s $TRUMP cryptocurrency surged 73% to $46.06, reaching a market value of $9.2 billion with a trading volume of $42.2 billion. The meme coin features an image from his attempted assassination in July, raising ethical and regulatory questions among the crypto community. Trump aims to be a “crypto president” with plans to reduce regulatory roadblocks and promote digital asset adoption.

Cryptocurrency industry anticipates looser regulations under Trump’s presidency, boosting Bitcoin’s rally. Bitcoin traded 2.6% lower at $101,826.51, up over 10% for the month. Trump’s $TRUMP coin blurs the lines between decentralised finance and politics, sparking conversations about the influence of public figures in speculative markets.



Read more at Investing.com: Trump’s new crypto token jumps ahead of his inauguration By Reuters