The Trump administration, which officially entered the White House on Monday, didn’t respond to CNN’s request for comment.
The dangers of meme coins
The global $3.5 trillion crypto market is a big tent, and while tokens like bitcoin dominate the industry, the open-sourced, decentralized nature of the blockchain, crypto’s infrastructure, makes it easy for any developer to launch a token, run up the price and walk away with impunity. According to Forbes, between 40,000 and 50,000 new meme coins are created every day, with a combined market value of $100 billion.

Donald and Melania Trump launch a pair of meme coins ahead of inauguration, raising serious ethics concerns
#TrumpMarketInsights
The dangers of meme coins
The global $3.5 trillion crypto market is a big tent, and while tokens like bitcoin dominate the industry, the open-sourced, decentralized nature of the blockchain, crypto’s infrastructure, makes it easy for any developer to launch a token, run up the price and walk away with impunity. According to Forbes, between 40,000 and 50,000 new meme coins are created every day, with a combined market value of $100 billion.

Donald and Melania Trump launch a pair of meme coins ahead of inauguration, raising serious ethics concerns
#TrumpMarketInsights