Just three days before his inauguration, US President Donald Trump announced a new venture into cryptocurrency.

Trump promoted the launch of the token, called ‘$TRUMP’, on social media, inviting his followers to join a “very special Trump Community.”

Within hours of going on sale, the price of the meme coin surged.

Trump has previously sought to cash in on his popularity, selling an array of merchandise including Trump-branded sneakers, fragrances, and even NFT trading cards.

But this newest venture raises fresh ethical concerns about profiting from an industry with deep ties to the incoming administration – one Trump himself has a hand in regulating.

Today, cryptocurrency and tech researcher Molly White on the billions Trump seeks to make off his ‘meme coin’, and the ascendancy of cryptocurrency in the Trump administration.

 

Socials:Stay in touch with us on Twitter and Instagram

Guest: Cryptocurrency and tech researcher, Molly White.

Just three days before his inauguration, US President Donald Trump announced a new venture into cryptocurrency.
Trump promoted the launch of the token, called &lsquo;$TRUMP&rsquo;, on social media, inviting his followers to join a &ldquo;very special Trump Community.&rdquo;
Within hours of going on sale, the price of the meme coin surged.
Trump has previously sought to cash in on his popularity, selling an array of merchandise including Trump-branded sneakers, fragrances, and even NFT trading cards.
But this newest venture raises fresh ethical concerns about profiting from an industry with deep ties to the incoming administration &ndash; one Trump himself has a hand in regulating.
Today, cryptocurrency and tech researcher Molly White on the billions Trump seeks to make off his &lsquo;meme coin&rsquo;, and the ascendancy of cryptocurrency in the Trump administration.
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Socials: Stay in touch with us on <a href="http://www.twitter.com/7ampodcast">Twitter</a> and <a href="http://www.instagram.com/7ampodcast">Instagram</a>
Guest: Cryptocurrency and tech researcher, Molly White.

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An independent daily news show. We feature the country&rsquo;s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

A daily news show from the publisher of The Monthly and The Saturday Paper.

A daily news show from the publisher of The Monthly and The Saturday Paper. Hear from the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

Trump’s plan to make billions off cryptocurrency

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