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What’s the deal with Trump and Sun Yuchen teaming up to issue a cryptocurrency?

To put it simply, it’s just two "money-making experts" teaming up! Trump, as we all know, loves to stir things up. Previously, he was involved in real estate and served as president; now that he’s retired, he wants to make a splash in the crypto world. Sun Yuchen, on the other hand, is a veteran in the crypto circle, always figuring out how to ride the wave of hype and evade regulation. The two hit it off and created the "Trump Coin," similar to selling celebrity merchandise, and when people saw "Wow, Trump is issuing a coin!" they rushed in.
What’s the specific situation?
Sun Yuchen throws money at Trump
This guy directly threw $75 million at Trump’s project, becoming the "blockchain advisor"—in simple terms, he’s backing Trump’s tech team. On Trump’s side, he provides the name and influence, while Sun Yuchen contributes the technology and money, and together they’ve opened a "printing press"—issuing coins!
Trump Coin is just "Air Coin PLUS"
This coin can’t even be used in a physical store; it relies entirely on Trump’s tweets: "Buy it! America’s future depends on this coin!" Sun Yuchen then hypes it up, and the market cap skyrockets to 32 billion, only for everyone to discover that 75% of the money went straight into Trump’s account. Those who wanted to sell found they couldn’t, pure "presidential-level harvesting of investors."
Mutually using each other to avoid trouble
Trump thinks: issuing coins to make money and pay off national debt, plus attract young voters; Sun Yuchen thinks: if I cling to Trump, the SEC (U.S. Securities and Exchange Commission) won’t dare to investigate me! And it actually worked—Sun Yuchen was previously accused of fraud by the SEC, but once Trump took office, the case was put on hold, better than a golden ticket to safety.
Subsequent shenanigans continue
Trump’s wife Melania and son Barron also jumped on the bandwagon to issue personal coins, with the whole family debuting as "top figures in the crypto world." Sun Yuchen is even bolder, bringing back the lunch he once chickened out of with Buffett to stir up old news, really understanding how to play the hype game.
Summary:
One wants to make money and wash white the "American Dream," while the other wants to cling to the powerful and evade regulation, both staging a "Game of Thrones" in the crypto world. It’s fine for investors to watch the excitement, but if they really want to spend money? Be careful of becoming a "prestigious Trump Coin commemorative version of an investor!" #特朗普 #孙宇晨 #TRUMP