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Latin Times
Latin Times
Politics
M.B. Mack

Trump Launches Meme Coin $TRUMP and Valuation Jumps Billions Overnight, Raising Ethical Concerns

Donald Trump Crypto Cryptocurrency Bitcoin
Trump's latest venture represents an unprecedented intersection of personal financial interests and public office. (Credit: Chip Somodevilla/Getty Images))

President-elect Donald Trump launched a cryptocurrency token, $TRUMP, on Friday which skyrocketed to a $72 billion market valuation by Sunday morning, raising ethical concerns just days before his inauguration.

Cryptocurrency has increasingly entered mainstream political and financial discourse, and Trump has previously shown interest in the industry.

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