Melania Trump launches cryptocurrency on inauguration night


The disclaimer on the website for both $Trump and $Melania said it was “not intended to be, or is the subject of” a sales opportunity or security.

According to the website CoinMarketCap, $Trump currently has a net worth of around $8.7bn (£7.1bn), while $Melania’s is around $1.3bn.

Trump has previously called crypto a “fraud” but during the 2024 election he became the first presidential candidate to accept digital assets as donations.

On the road, Trump also said he would create a bitcoin reserve and appoint financial regulators who have a positive outlook on the digital economy.

This led to hopes that he would deregulate the crypto industry.

After Trump’s victory, bitcoin jumped to a record high of $140,000, according to the crypto trading platform Coinbase.

On Friday, artificial intelligence (AI) and crypto tsar David Sacks held the “Crypto Ball” in Washington, DC.

Other cryptocurrencies, including dogecoin – promoted by Trump’s top aide Elon Musk – have also surged this year.

Under President Joe Biden, regulators cited concerns about fraud and money laundering as they cracked down on the crypto industry in exchange litigation.


2025-01-20 05:55:05
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