Mon Jan 20 07:57:46 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 shortly before his inauguration. The coin, marketed with images and slogans promoting “winning” and “fighting,” is the latest in a series of unconventional ventures by Trump, following the sale of branded merchandise such as bibles and luxury watches.

Initially priced at $10, the Trump Coin rapidly climbed to approximately $70 within hours of its release, before experiencing a significant drop following the announcement of a similar coin for Melania Trump. The coin’s website emphasizes that it’s a symbol of support, not an investment opportunity, but its volatility highlights the risks associated with meme coins – cryptocurrencies often launched as jokes but prone to dramatic price swings.

The launch has sparked both enthusiasm and criticism. Some crypto enthusiasts see it as a positive sign, anticipating a more crypto-friendly regulatory environment under Trump. Others express concern, suggesting the coin could become a vehicle for foreign influence or special interests seeking to gain access to the President. Former Trump White House communications director Anthony Scaramucci voiced apprehension regarding the ease with which funds could be channeled to the President through this method.

The Trump Coin is being sold by CIC Digital, a Trump Organization affiliate. 200 million coins are currently available, with plans to release 1 billion over three years. CIC Digital and a partner company retain 80% of the coins and will receive profits from trading activity. This launch comes despite a recent ethics agreement that aims to limit Trump’s involvement in the Trump Organization’s day-to-day operations during his presidency. The Trump family’s prior ventures into the cryptocurrency market include a joint venture for trading cryptocurrencies last year and the sale of NFTs featuring cartoon images of the President-elect.

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