President-elect Donald Trump and his family have launched a new cryptocurrency token called $Trump, which features an image of Trump inspired by the July assassination attempt in Butler, Pennsylvania.
The venture, disclosed just days before Trump’s second inauguration, put the crypto market into a frenzy but has also raised ethical concerns among experts and people who see it as an effort to profit from the office he is about to occupy again, as reported by the New York Times.
Poll
Will the $Trump Coin Gain Long-Term Success?
The $Trump token is being sold by CIC Digital LLC, an affiliate of the Trump Organization, with the slogan “Join the Trump Community. This is History in the Making!” According to the website selling the tokens, CIC Digital and its affiliates own 80% of the token supply, which will be released gradually over the next three years.
Concerns over the launch
Ethics lawyers have condemned the move, with Adav Noti,…
