Trump launched $TRUMP and $MELANIA crypto coins ahead of his presidency. Democratic lawmakers fear these meme coins could be exploited by foreign nations to influence U.S. politics, raising ethical questions about President Trump profiting from his role while regulating crypto. The coins also create a conflict of interest because Trump indirectly benefits from them as he regulates an industry where his family already profits. The coins’ estimated $7 billion and $400 million values highlight their growth potential despite risks tied to untraceable foreign investments. While some profit may remain with Trump or his businesses, as noted in recent financial disclosures. Meanwhile, Trump recently signed an executive order promoting cryptocurrency expansion.
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Source: https://abcnews.go.com/Politics/trump-crypto-meme-coin-deep-concern-dem-lawmakers/story?id=118048029