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Trump launched a cryptocurrency meme coin 3 days before his inauguration - January 17, 2025
Part of 1 thread: Crypto and blockchain
Trump
Self enrichment and cronyism
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Days before becoming president, Trump announced on social media that he had launched a cryptocurrency, $TRUMP. Cryptocurrencies are anonymous and unregulated, so any big business or foreign government can use the coin to "donate" to Trump. By mid-February, Trump's companies owned nearly $3B in $TRUMP and generated an additional $100M in trading fees.