Donald Trump's inauguration has been making waves in the cryptocurrency world. Just before taking office, Trump launched his own meme coin, which skyrocketed in value to over $12 billion. This move has raised eyebrows, with some critics accusing Trump of using his position to enrich himself and his ultra-wealthy friends.
The Trump coin is not the only crypto-related business linked to the former president. Trump has also been involved in other cryptocurrency ventures, including World Liberty Financial, a platform for investors to borrow and lend using cryptocurrencies.
Trump's support for the crypto industry has been seen as a positive move by some, with Ripple CEO Brad Garlinghouse noting a "Trump bull market" in the crypto space However, others have raised concerns about the potential for undue influence on the president and the lack of regulation in the industry.
