The release of a memecoin by President-elect Donald Trump on Friday has ignited controversy over the ethical nature of the incoming commander in chief pitching his own line of cryptocurrency.
On Friday, Trump announced the release of his memecoin on his Truth Social platform, posting, “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to gettrumpmemes.com/ — Have Fun!”
The promotion has ignited controversy with many calling out a conflict of interested with Trump using his position of power and influence to push his own cryptocurrency.
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