U.S. President Donald Trump recently caused a stir by launching his own meme coin, raising significant controversy over the legality and ethics surrounding this action. This could be the first time a head of state has directly participated in the cryptocurrency market, setting unprecedented precedents.

Trump and the meme coin: What happened?

Just a few days after its launch, the meme coin from $TRUMP attracted significant attention in the cryptocurrency community. According to him, this is an unexpected success and he himself "doesn't know much, other than that I released it."

The act of a sitting president directly creating digital assets has left legal experts puzzled. This action could bring Trump billions of dollars, while also raising a significant question: Is this legal?

According to experts, U.S. law currently has no specific regulations prohibiting a president from issuing cryptocurrency. Brian Frye, a law professor at #Kentucky , stated:

"We don't know if this is legal or not, as the previous administration did not establish a legal framework for cryptocurrency."

Currently, Trump's meme coin is considered a commodity under the oversight of the U.S. Commodity Futures Trading Commission (CFTC), rather than the U.S. Securities and Exchange Commission (SEC). This means that intervention is only possible if the coin is exploited for fraud or fails to deliver on its commitments, #CFTC .

Debate over ethics and political power

Although legal, Trump's release of meme coin raises concerns about conflicts of interest and political ethics. Richard Briffault, a government ethics expert at Columbia University, commented:

"This action opens the door for political forces to bribe the president through the coin. It is no different from inviting gifts."

Moreover, a president using power to enrich himself and his family is seen as an unprecedented act in American political history.

Reactions from the community and the future of political cryptocurrency

Many voices in the cryptocurrency community believe that the issuance of personal digital assets by politicians will become the "perfect weapon" for shady activities. Co-founder $ETH , Vitalik Buterin, referred to meme coins like Trump's as the "ideal bribery tool."

Despite calls from lawmakers, such as Senator Elizabeth Warren, for an investigation into Trump's actions, this is unlikely to yield clear results due to legal loopholes and political polarization in the U.S.

Conclusion: Innovation or concern?

Donald Trump's actions not only set a new precedent but also raise significant questions about the oversight of power and political ethics. Will this become a common trend or lead to ethical crises in the future? #anhbacong

Note: Investing in cryptocurrency always carries risks. Please consider carefully before participating!