Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Technology
Jasper Jolly and agencies

Melania Trump launches meme coin as crypto conflicts worry experts

A man who is Donald Trump turns to say something in the ear of Melania Trump who is standing next to him
Donald Trump with his wife Melania. The launch of Melania Trump’s meme coin briefly hit the price of Donald Trump’s coin. Photograph: Daniel Cole/Reuters

The incoming US first lady, Melania Trump, has followed her husband’s lead by launching a multibillion-dollar cryptocurrency meme coin, fueling conflict of interest concerns as the new administration prepares to loosen regulation of the volatile and controversial assets.

Digital currencies rallied as Donald Trump prepared to return to the White House. The decision to launch crypto coins on the eve of his inauguration alarmed presidential ethics experts.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.