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President-elect Trump launched his own cryptocurrency overnight and swiftly appeared to make more than $25 billion on paper for himself and his companies.

Why it matters: The stunning launch of $TRUMP caught the entire industry off-guard, and speaks to both his personal influence and the ascendancy of cryptocurrency in his administration.

  • It also speaks to the nature of the crypto industry that someone could have $25 billion worth of something that literally did not exist 24 hours previously.
    • @[email protected]English
      7•1 month ago

      Nothing is illegal for a POTUS. He cannot be charged with any crime while in office, running for office, considering to run for office, and/or dreaming of being in office.

      • @fnrir
        3•1 month ago

        I’d love to be POTUS. Time to download some Nintendo games! /j

    • @aggelalex
      2•1 month ago

      Pump and dump schemes? Yes, according to earlier incarcerations

      • @SkyezOpen
        11•1 month ago

        For stocks, yes, but crypto is basically unregulated as far as I know.

        • I Cast Fist
          2•1 month ago

          And trump intends to keep it unregulated because of course he’s seen the quick buck he can make with that scam