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The Guardian - US
The Guardian - US
Business
Callum Jones in New York

Experts alarmed by Trumps’ crypto meme coins: ‘America voted for corruption’

A cartoon image of Donald Trump holding a cryptocurrency token on a sign as people walk by
A cartoon image of Donald Trump with cryptocurrency tokens adorns a crypto store in Hong Kong on Monday. Photograph: Paul Yeung/Bloomberg via Getty Images

Donald Trump was accused of corruption as he returned to the White House days after launching a multibillion-dollar cryptocurrency meme coin. Former government ethics officials and presidential experts said the venture amounted to a “shameful” conflict of interest.

The president and his wife, Melania, each announced their own respective coins ahead of his inauguration. Both were valued at billions of dollars as Trump took the oath of office on Monday.

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