Felon-Elect Launches Crypto “Trump Meme Coin”

Forbes reports:

In a move that perfectly encapsulates the peculiarities of our times, Donald Trump launched a meme coin on January 17th, 2025, just a few days before his presidential inauguration. Within less than 24 hours it has reached a staggering market capitalization of $4.8 billion and a fully diluted valuation of $24.3 billion. “Trump Coin” has taken the cryptocurrency world by storm, potentially positioning itself to challenge Dogecoin’s supremacy in the meme coin ecosystem.

Consider the cautionary tales of Libra (later Diem), LBRY and the like, which spent millions attempting to launch a legitimate cryptocurrency only to be stymied by regulatory hurdles. Meanwhile, meme coins like Dogecoin, Shiba Inu, and now Trump Coin have flourished precisely because they make no pretense of being securities: they explicitly position themselves as

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