#TRUMP
The launch of $TRUMP was met with significant market enthusiasm, with the coin's market capitalization soaring to over $27 billion within a day. However, this rapid ascent has been accompanied by controversy. Ethics experts have raised concerns about potential conflicts of interest, given Trump's dual role as a sitting president and a promoter of the cryptocurrency. Reports indicate that the Trump family has profited substantially from the venture, with earnings of at least $350 million from token sales and associated fees .
The political implications have been significant. Democratic lawmakers have expressed alarm over the intertwining of presidential duties and personal financial ventures. In response, Senate Democrats introduced the End Crypto Corruption Act on May 6, 2025, aiming to prohibit federal officials and their families from investing in or endorsing cryptocurrencies. This legislative move followed the withdrawal of Democratic support from the bipartisan GENIUS Act, a proposed stablecoin regulation bill, due to concerns about inadequate safeguards against potential corruption .
In addition to $TRUMP, other Trump family members have ventured into the cryptocurrency space. Melania Trump launched her own meme coin, $MELANIA, on January 19, 2025. An investigation revealed that a group of traders made approximately $100 million in profits by purchasing $MELANIA tokens minutes before its public unveiling, raising questions about insider trading and market manipulation .
As of now, $TRUMP remains a prominent figure in the meme coin market, with a current price of approximately $10.78 and a market capitalization exceeding $2.1 billion . However, the coin's future is uncertain, given the ongoing ethical debates and potential regulatory actions surrounding its existence.
trump