Mon Jan 20 02:46:46 UTC 2025: ## Trump Launches Soaring Cryptocurrency, Raising Ethical Concerns

**Washington, D.C. – January 20, 2025** – President-elect Donald Trump has launched a new cryptocurrency token, the “Trump coin,” which has experienced a dramatic surge in value, potentially significantly boosting his net worth days before his inauguration. The coin, marketed with imagery referencing a past assassination attempt and the slogan “FIGHT FIGHT FIGHT,” is being sold as an expression of support, not an investment opportunity. Despite this disclaimer, the coin’s price jumped from $10 to $70 within hours of its release, before experiencing a sharp decline following the launch of a similar “Melania coin.”

The move is the latest in a series of unconventional ventures by Trump, who has previously promoted branded bibles, gold sneakers, and diamond-encrusted watches. The Trump coin’s rapid price increase has drawn both praise and criticism.

Cryptocurrency enthusiasts view the coin as a symbol of Trump’s support for the industry after perceived unfair targeting by the Biden administration. Trump has promised crypto-friendly regulations and appointed pro-crypto individuals to key government positions.

However, critics express concerns about the potential for the coin to be exploited by special interests and foreign governments seeking to influence the incoming president. Anthony Scaramucci, a former Trump White House communications director, voiced concerns on X about the ease with which funds could be channeled to the president through this method.

The Trump coin was launched by CIC Digital, an affiliate of the Trump Organization. The company owns 80% of the currently available 200 million coins and will receive revenue from trading activities. This launch comes despite a recently released ethics agreement limiting Trump’s involvement in the Trump Organization’s day-to-day operations. The president-elect has a history of involvement in cryptocurrency ventures, including an NFT collection and a previous foray into cryptocurrency trading. His social media company, Truth Social, despite low revenue, maintains a high valuation, demonstrating the impact of his supporters on his net worth. The volatility of the meme coin market and its potential for scams raises serious concerns about the financial and ethical implications of this latest venture.

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