As of May 7, 2025, the $TRUMP cryptocurrency is trading at approximately $0.1928 USD, reflecting a 1.52% increase over the past 24 hours. The coin has experienced an intraday high of $0.1946 and a low of $0.1851.
The $TRUMP coin, launched by former President Donald Trump in January 2025, has been at the center of significant controversy and political debate. While it initially surged in value, recent reports indicate that over 764,000 wallets that invested in the coin are currently at a loss, with only a select few early investors realizing substantial profits.
In response to concerns about potential conflicts of interest and ethical implications, Senate Democrats have introduced the End Crypto Corruption Act. This proposed legislation aims to prohibit federal officials and their families from investing in or endorsing digital assets like cryptocurrencies. The bill specifically addresses situations where public figures might financially benefit from such ventures, as highlighted by the Trump family's involvement in the $TRUMP coin.
Additionally, the Trump family's crypto activities have impacted legislative efforts in Congress. A scheduled bipartisan hearing to develop a legal framework for cryptocurrencies was recently canceled due to objections over the family's promotion of personal crypto projects.