Speculative meme coin funds will test the Securities and Exchange Commission’s boundaries under President Trump.

Days before his inauguration, President Donald Trump unveiled his own cryptocurrency called $TRUMP. The move raised eyebrows among experts in the field as it may entail a conflict of interest or undermine the adoption of the emerging technology.

Meme coins like the ones recently launched by United States President Donald Trump and his wife, Melania, are a hot trend in the cryptocurrency ecosystem. The rise of these digital tokens reflects the influence of internet culture and community-driven hype on the market,

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.

Donald Trump launched $TRUMP cryptocurrency, a meme coin, days before his inauguration. It quickly reached over $32 billion in value. Melania has now launched her own.

The Official Trump (TRUMP.X) token – created by CIC Digital LLC, a subsidiary of the Trump Organization – fell more than 6% in the past 24 hours despite efforts to boost its adoption. Several websites selling Trump-branded products have started to accept the Trump memecoin for payment,