President-elect Donald Trump promised a crypto-friendly administration. Days before taking office a second time, he began selling a new cryptocurrency. Named $TRUMP, the project is a meme coin, a type of crypto whose value is based largely on the popularity of internet memes.

That’s the trading volume of $TRUMP since the token’s launch as of Saturday morning. Key Background. Trump, whose campaign was backed by several bil

Ahead of his inauguration, President-elect Donald Trump has launched and promoted a new cryptocurrency venture, raising fresh ethical questions about his attempts to monetize the incoming administration’s deepening political ties to the industry.