Trump Launches Crypto Meme Coin, Raking in Billions in Value
- Donald Trump has launched his own cryptocurrency, $Trump, which quickly reached a market capitalization of nearly $5.5 billion, according to CoinMarketCap.com.
- The cryptocurrency venture was coordinated by CIC Digital LLC, an affiliate of the Trump Organization, which owns 80% of the tokens.
- Critics have accused Trump of cashing in on the presidency, with one commentator calling the meme coin 'predatory'.
- Trump's stance on cryptocurrency has changed, as he now aims to make the U.S. The 'crypto capital of the planet' during his presidency.
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Total News Sources0
Leaning Left30Leaning Right18Center19Last UpdatedBias Distribution45% Left
Bias Distribution
- 45% of the sources lean Left
45% Left
L 45%
C 28%
R 27%
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