#TradeStories #FOMCMeeting #TradeStories #MEMEAct #BinanceLaunchpoolSXT
Is it true that \$TRUMP is going to launch a new coin ?
Yes, it's true—Donald Trump launched a cryptocurrency called $TRUMP earlier this year. The token debuted on January 17, 2025, just days before his second inauguration, and is a memecoin built on the Solana blockchain. It was promoted as a digital asset symbolizing "community" and "winning," and was announced via Trump's accounts on X (formerly Twitter) and Truth Social .维基百科，自由的百科全书Reuters+7TRM Labs+7Wikipédia, l'encyclopédie libre+7
The coin experienced a rapid surge in value, reaching a market capitalization of over $5 billion within hours of its launch. By January 19, the $TRUMP token had become the 19th most valuable cryptocurrency globally, with a total trading volume nearing $13 billion .Wikipédia, l'encyclopédie libre+2Wikipedia+2维基百科，自由的百科全书+2
However, the launch has been met with significant controversy. Ethics experts and lawmakers have raised concerns about potential conflicts of interest and violations of federal laws, especially given that the coin was launched through a Trump-owned company, CIC Digital LLC, which retained 80% of the token's supply. Critics argue that this could lead to a "pay-to-play" environment, as top investors were reportedly promised exclusive events with Trump .Wikipedia+1CT Insider+1CT Insider
In response to these concerns, some members of Congress have introduced legislation aimed at preventing federal officials from profiting from digital assets. For instance, Connecticut Senator Chris Murphy introduced the MEME Act to address such issues .thetimes.co.uk+4CT Insider+4businessinsider.com+4
In summary, while the $TRUMP coin has been officially launched and has seen significant financial activity, it has also sparked ethical and legal debates regarding its implications.thetimes.co.uk+7CT Insider+7The Verge+7





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