#TRUMP Trump Deeply Involved in 'TRUMP Coin' Storm: The Crypto Maze Under Political Halo
On January 17, 2025, the political landscape in the United States changed dramatically—just before Trump's inauguration, a cryptocurrency named after him, 'TRUMP', burst onto the scene. This token set a staggering record of $13 billion in market value within just a few days, but then triggered a huge uproar due to severe price fluctuations, pushing the new president into the public spotlight.
In response to public skepticism, Trump urgently clarified: 'I just authorized the use of my name, and I have no knowledge of its specific operations.' He downplayed hundreds of millions in earnings as 'a drop in the bucket of tech investments', but blockchain data revealed a more complex truth: entities closely related to Trump, such as CIC Digital LLC, control 80% of the token supply, and his family and partners have profited nearly $100 million from transaction fees, while over 800,000 ordinary investors have collectively lost $2 billion.
This turmoil quickly escalated into a political event. Both parties in Congress rarely united, demanding a thorough investigation into potential power rent-seeking and interest transfer. Regulatory agencies faced sharp questioning: when the president's name becomes a speculative tool and political influence is deeply intertwined with the crypto market, have existing laws developed fatal blind spots?
As TRUMP Coin continues to experience roller coaster market movements, this farce has transcended the financial realm, becoming a litmus test for American political ethics and capital regulation. In the gray areas of power and money, the public is waiting for a clear answer.
