Trump's embrace of cryptocurrency could mark a change from the regulatory hammer that has fallen on crypto companies under the Biden administration.
The Trump Organization on Friday announced that President-elect Donald Trump will not have any involvement in managing his real-estate and branding empire during his second term and appointed an outside ethics adviser to monitor major company actions – part of several measures the organization said it was taking to avoid conflicts of interest as Trump prepares to return to the White House later this month.
President-elect Trump has launched his own crypto token called Trump coin. In less than 24 hours, the coin has had a 12,000% gain and has seen billions in trading volume.
The new $TRUMP meme coin – a type of cryptocurrency – launched Friday night with posts on Trump's Truth Social social media platform and on X, the social network previously known as Twitter. According to the coin's website, gettrumpmemes.com, there are 200 million $TRUMP coins available now, with plans to have 1 billion over the next three years.
Trump's company is not agreeing to a blanket stop on new foreign business transactions.
The next president plans to strip job protections from some 50,000 career federal employees, allowing them to be replaced by handpicked loyalists who would take positions deep within the workings of government.
President-elect Donald Trump launched a cryptocurrency called $TRUMP on Friday night, taking the crypto world by storm and making some investors big money overnight.
The most coveted events are the three official inaugural balls on Monday that Trump himself is scheduled to appear and speak at after taking the oath of office.
Eric Trump, son of Donald and Ivana Trump, is executive vice president of the Trump Organization. He's also a podcast host and former TV personality.
A limited liability company called Trump Endeavor 12 LLC, whose principal is listed Donald Trump Jr., is behind the plan, which includes building 1,498 condo units across four 20-floor towers, estimated to house approximately 4,975 residents.
Donald Trump launched the $TRUMP meme coin just ahead of his presidential inauguration. The valuation has soared, and he controls 80%.