Trump and the Crypto Controversy: Allegations of Fraud Involving $TRUMP and $MELANIA
A Turkish citizen has filed a complaint against former U.S. President Donald Trump and his wife, Melania Trump, accusing them of cryptocurrency fraud. The complaint revolves around the memecoins $TRUMP and $MELANIA, which the couple allegedly launched just before Trump's inauguration, generating significant investor interest.
According to the complainant, the $TRUMP token saw a drastic price drop from $75 to $16, leading to substantial losses for investors. This lawsuit adds to Trump’s growing legal troubles, including a recent indictment by a New York grand jury over hush-money allegations.
Additionally, reports suggest that Trump's legal challenges may be affecting his personal life, with speculation that his marriage to Melania has become increasingly strained.
Trump has previously shown support for cryptocurrency, with his administration forming a digital asset task force to explore regulations and the potential creation of a national cryptocurrency stockpile. However, this latest legal complaint is a separate issue, specifically focusing on allegations of fraud related to these memecoins.
