Trump’s Crypto Venture Divides the Industry He Aims to Support

Published On Jan 25, 2025, 5:02 AM

President Trump announced the launch of a new cryptocurrency named $Trump during a high-profile party for crypto executives. This unexpected move has caused a stir among industry insiders, who view it as a cash grab that undermines the legitimacy of the cryptocurrency market. The announcement has raised ethical concerns and contributed to a short-lived speculative bubble in the cryptocurrency, leading to criticisms of Trump's influence over the industry.