Mon Jan 20 01:42:47 UTC 2025: ## Trump Launches Cryptocurrency on Eve of Inauguration, Sparking Controversy

**Washington D.C.** – President-elect Donald Trump launched a new cryptocurrency token, dubbed “Fight Fight Fight,” on the eve of his inauguration, sending its value soaring to over $15 billion in a matter of hours. The move has raised eyebrows, sparking debate about potential conflicts of interest and the blurring lines between political support and financial gain.

The meme coin, promoted on social media with images of Trump and the slogan “FIGHT FIGHT FIGHT,” initially sold for $10 but quickly reached $70. While the official website claims the tokens are expressions of support and not an investment opportunity, many are hoping to profit from the surge.

A Trump Organization affiliate, CIC Digital, and Fight Fight Fight LLC reportedly own approximately 80% of the coin, with a gradual release of tokens over the next three years. This concentration of ownership has fueled criticism, with some analysts predicting that insiders will reap the majority of the financial rewards. Cryptocurrency journalist Stephen Findeisen warned of potential losses for the public.

The launch has been met with mixed reactions. Some crypto advocates see it as a symbol of Trump’s pro-crypto stance, a stark contrast to the regulatory environment under President Biden. Trump has promised a more crypto-friendly administration, including the appointment of industry supporters to his cabinet and an executive order designating cryptocurrency as a national priority. Ripple CEO Brad Garlinghouse has already observed a “Trump bull market” in cryptocurrency activity.

However, critics raise concerns that the coin could create avenues for special interests and foreign governments to exert undue influence. The massive surge in value and the substantial ownership stake held by entities linked to the Trump Organization raise questions about potential conflicts of interest and whether it violates White House norms. The upcoming executive order on cryptocurrencies will likely add further fuel to this ongoing debate.

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