Melania Trump will launch cryptocurrency on the eve of the inauguration
The disclaimers on both the $Trump and $Melania coins websites said they were “not intended to be or subject to” an investment opportunity or security.
According to the CoinMarketCap website, $Trump currently has a total market capitalization of $8.7 billion (£7.1bn), while $Melania’s is around $1.3 billion.
Trump has previously called crypto a “scam” but has become the first presidential candidate to accept digital assets as contributions during the 2024 election campaign.
On the campaign trail, Trump said he would create a strategic bitcoin reserve and appoint financial regulators who would take a more positive stance on digital assets.
This has fueled speculation that it will remove regulations on the crypto industry.
Bitcoin jumped to a record high the day after Trump’s victory and is currently trading at $140,000, according to crypto trading platform Coinbase.
On Friday, upcoming artificial intelligence (AI) and crypto czar David Sachs held the “Crypto Ball” in Washington, DC.
Other cryptocurrencies, including dogecoin, promoted by Trump supporter Elon Musk, have also risen sharply this year.
Under President Joe Biden, regulators have cracked down on crypto companies by suing exchanges, citing concerns about fraud and money laundering.
