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Dhaka     Tuesday   18 February 2025

Donald Trump launches new digital currency

News Desk || risingbd.com

Published: 14:25, 20 January 2025  
Donald Trump launches new digital currency

Incoming first lady Melania Trump has launched a cryptocurrency on the eve of her husband’s inauguration as US president.

The announcement comes after President-elect Donald Trump launched the $Trump cryptocurrency. 
Both coins have risen but have seen volatile trade.

The website for the "Official Melania Meme" says it is a crypto asset created and tracked on the Solana blockchain. 

Disclaimers on the websites of both the $Trump and $Melania coins said they were ‘not intended to be, or the subject of’ an investment opportunity or a security.

According to the CoinMarketCap website, $Trump has a total market valuation of about $12bn (£9.8bn), while $Melania's stands at around $1.7bn.

On the campaign trail, Trump also said he would create a strategic bitcoin stockpile and appoint financial regulators that take a more positive stance towards digital assets.

Under President Joe Biden, regulators cited concerns about fraud and money laundering as they cracked down on crypto companies by suing exchanges.

 

Dhaka/Mukul