$Trump

Cryptocurrency launched by Donald Trump Trump coin the scam selling collectibles not connected to Trump Trump Rebate Banking system the semiquincentennial celebration coin featuring Trump's likeness Trump dollar coin the Trump family's cryptocurrency company World Liberty Financial January 2025 September 2025 thumb |upright=1.35 |After a brief initial rise, the market price of the $Trump meme coin declined.Sigalos MacKenzie 2025-05-06 58 crypto wallets have made millions on Trump's meme coin. 764,000 have lost money, data shows https://www.cnbc.com/2025/05/06/trump-meme-coin-crypto.html 2025-05-13 CNBC en A Chainalysis study concluded that through the middle of 2025, 58 investors had made profits exceeding $10 million each—mostly early traders who got out before the price decline.Lipton Eric Fuller Andrea Yaffe-Bellany David Crypto Brought Trump a Huge Windfall, Even as Many Investors Lost Big https://www.nytimes.com/2026/07/01/us/politics/trump-crypto-memecoin-world-liberty.html The New York Times 1 July 2026 Through June 2026, 988,905 wallets lost a total of $3.81billion while Trump profited $636million.Lipton Eric Yaffe-Bellany David Nearly a Million Investors Lost a Total of $3.8 Billion on Trump Crypto Coin https://www.nytimes.com/2026/07/04/us/politics/trump-coin-crypto-investors-loss.html The New York Times 6 July 2026 $Trump Trump Meme logo.webp TRUMP TRUMP 6 2025 01 17 Active Cross-platform (Solana blockchain) CIC Digital LLC, Fight Fight Fight LLC https://solscan.io/token/6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN 200 million 1 billion Floating $Trump (stylized in all caps) is a meme coin cryptocurrency associated with United States president Donald Trump, hosted on the Solana blockchain.Macheel Tanaya January 18, 2025 Solana surges 12% on launch of Trump-themed meme coin, ether falls https://www.cnbc.com/2025/01/18/crypto-market-today.html January 19, 2025 CNBC One billion coins were created; 800 million remain owned by two Trump-owned companies, after 200 million were publicly released in an initial coin offering (ICO) on January 17, 2025. Less than a day later, the aggregate market value of all coins was more than $27 billion, valuing Trump's holdings at more than $20 billion. A March 2025 Financial Times analysis found that the crypto project netted at least $350 million through sales of tokens and fees.Asgari Nikou Hawkins Oliver Hemingway Eade March 7, 2025 Donald Trump's crypto project netted $350mn from presidential memecoin https://www.ft.com/content/cb1def8f-53a6-478e-9b3e-33c383b29629 March 7, 2025 Financial Times The venture has faced widespread condemnation from ethics experts for Donald Trump's conflicts of interest related to the project and his presidential duties. During the second Trump administration, Trump has promoted $Trump and taken actions that have raised the value of the meme coin, contributing to a substantial increase in his net worth.May 2, 2025 Trump family's net worth has increased by $2.9 billion thanks to crypto investments, new report says https://www.cbsnews.com/news/trump-family-net-worth-crypto-investments/ CBS News en-US History Donald J. Trump 15px realDonaldTrump January 17, 2025 My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to gettrumpmemes.com/ — Have Fun! 1880446012168249386 January 2025 Official Presidential Portrait of Donald J. Trump.jpg My NEW Official Trump Meme is HERE! https://x.com/realDonaldTrump/status/1880446012168249386 live https://web.archive.org/web/20250119145757/https://x.com/realDonaldTrump/status/1880446012168249386 January 19, 2025 January 19, 2025 X (formerly Twitter) 300px The Trump meme coin was launched on January 17, 2025, three days before Trump was inaugurated as president of the United States. The lack of a public announcement initially led to concerns that the cryptocurrency was a scam and might have no association to the president-elect.January 19, 2025 Trump launches his own meme coin, and its value soars to billions overnight https://www.scmp.com/news/world/united-states-canada/article/3295345/trump-launches-his-own-meme-coin-and-its-value-soars-billions-overnight live https://web.archive.org/web/20250118192208/https://www.scmp.com/news/world/united-states-canada/article/3295345/trump-launches-his-own-meme-coin-and-its-value-soars-billions-overnight January 18, 2025 January 18, 2025 South China Morning Post Agence France-Presse Several hours later, Trump announced $Trump on his X and Truth social accounts.Snider Mike January 18, 2025 Trump mints $31 billion with new official $TRUMP crypto meme coin https://www.usatoday.com/story/money/2025/01/18/trump-meme-coin-price-crypto/77802704007/ live https://web.archive.org/web/20250118184319/https://www.usatoday.com/story/money/2025/01/18/trump-meme-coin-price-crypto/77802704007/ January 18, 2025 January 18, 2025 USA Today The meme coin website described it as the "only official Trump meme".Ishmael Stacy-Marie January 19, 2025 Crypto Fans Bid Up Trump-Branded Token Days Before Inauguration https://www.bloomberg.com/news/articles/2025-01-18/crypto-fans-bid-up-trump-branded-token-days-before-inauguration BloombergFaguy Ana January 18, 2025 Trump launches cryptocurrency with price rocketing https://www.bbc.co.uk/news/articles/c9vmym2jvy9o live https://web.archive.org/web/20250119103615/https://www.bbc.co.uk/news/articles/c9vmym2jvy9o January 19, 2025 January 18, 2025 BBC News Its logo is a digitally-stylized image of Trump raising his fist after surviving the attempted assassination in July 2024.Lipton Eric January 18, 2025 Trump Begins Selling New Crypto Token, Raising Ethical Concerns https://www.nytimes.com/2025/01/18/us/politics/trump-meme-coin-crypto.html live https://web.archive.org/web/20250118230744/https://www.nytimes.com/2025/01/18/us/politics/trump-meme-coin-crypto.html January 18, 2025 January 18, 2025 The New York Times A disclaimer said that the coin was "not intended to be, or the subject of" an investment opportunity or a security and was "not political and has nothing to do with" any political campaign, political office or government agency. The terms of the offering prohibit coin buyers from joining any class-action lawsuits against the project and assert indemnity against any claims.Ge Huang Vicky Ostroff Caitlin January 21, 2025 Crypto Thought Trump Would Bring It Legitimacy. Then He Launched a Meme Coin. https://www.wsj.com/finance/currencies/trump-meme-coin-cryptocurrency-eda5d5d9?st=mPYRj4&reflink=desktopwebshare_permalinkTrump The Wall Street Journal Trump promoted the coin on the night of its ICO while a "Crypto Ball" was underway.Goodman Jasper January 18, 2025 Trump launches crypto meme coin, ballooning net worth ahead of inauguration https://www.politico.com/news/2025/01/18/trump-crypto-meme-coin-inauguration-00199157 Politico The New York Times reported in January 2025 that Trump affiliates controlled an additional 800 million tokens that, hypothetically, could be worth over $56 billion at the current market value, potentially making Trump one of the richest people in the world at an estimated net worth of $63.8 billion.Salmon Felix January 19, 2025 Donald Trump is the newest crypto billionaire https://www.axios.com/2025/01/19/donald-trump-crypto-billionaire live https://web.archive.org/web/20250119210121/https://www.axios.com/2025/01/19/donald-trump-crypto-billionaire January 19, 2025 January 20, 2025 Axios en In March 2025, a Financial Times analysis found that the crypto project netted at least $350 million ($314 million from the sale of the tokens and $36 million from fees). However, by July 2025, New York reported that the president's holdings in the coin were only worth about $93 million.Stieb Matt July 17, 2025 Trump Just Got Almost $100 Million Richer Thanks to His Meme Coin https://nymag.com/intelligencer/article/trump-nets-almost-usd100-million-thanks-to-usdtrump-meme-coin.html July 20, 2025 Intelligencer en This was contradicted by reporting in The New Yorker in August 2025 suggesting that holdings held by Trump through a partnership "are potentially worth several billion dollars" and that actualized profits from the meme coin were $385 million.Kirkpatrick David D. August 11, 2025 How Much Is Trump Profiting Off the Presidency? https://www.newyorker.com/magazine/2025/08/18/the-number August 11, 2025 The New Yorker en-US 0028-792X 2025 private dinner In April 2025, the top 220 holders of the coin were offered dinner with the president, and the very top 25 holders would receive a special VIP White House tour. Following the announcement, the coin jumped more than 50%.Sigalos MacKenzie April 23, 2025 Trump meme coin surges 50% after top holders offered dinner with the president https://www.cnbc.com/2025/04/23/trump-coin-surges-50percent-after-president-promises-dinner-with-top-holders.html CNBC enKhalili Joel Trump's Quest for Crypto Riches Is a Constitutional Scandal Waiting to Happen https://www.wired.com/story/trumps-quest-for-crypto-riches-is-a-constitutional-scandal-waiting-to-happen/ https://archive.today/20250502142408/https://www.wired.com/story/trumps-quest-for-crypto-riches-is-a-constitutional-scandal-waiting-to-happen/ May 2, 2025 Wired.com en-US 1059-1028 Analysis found that leaked information about the promotion allowed certain traders to make bets on the coin before it was publicly announced. According to The New York Times, certain buyers in interviews and statements said they "bought the coins or entered the dinner contest with the intention of securing an action by Mr. Trump to affect United States policy".Lipton Eric Yaffe-Bellany David May 12, 2025 Auction to Dine With Trump Creates Foreign Influence Opportunity The New York Times https://www.nytimes.com/2025/05/12/us/politics/trump-crypto-coin-auction.html subscription May 18, 2025 0362-4331 On May 13, The New York Times reported that GD Culture Group, a small company with ties to China, no reported revenue in 2024, and an affiliation with TikTok, announced it would spend $300 million on purchasing Bitcoin and $Trump using proceeds from "a stock sale to an unnamed entity in the British Virgin Islands".Yaffe-Bellany Lipton 2025a The purchase was the first known instance of a China-linked firm buying Trump's cryptocurrency. TikTok is facing a ban in the US, although Trump has postponed the decision several times.Yaffe-Bellany David Lipton Eric May 13, 2025 Tiny Company With China Ties Announces Big Purchase of Trump Cryptocurrency https://www.nytimes.com/2025/05/13/us/politics/trump-crypto-purchase.html May 14, 2025 The New York Times en-US 0362-4331 According to The New York Times, at least twenty investors sold or transferred their holdings in $Trump on May 12. The bidding process allowed certain investors to profit; in one instance, an investor, known only as "Noah", purchased 2.2 million in $Trump before the contest and sold it at the end of the contest, profiting over 950000. In an apparent effort to stop the sell-off, the social media account associated with $Trump promised to give investors who kept their coins a non-fungible token known as "Trump Diamond Hand" and that they would earn reward points.Lipton Freedman Yaffe-Bellany 2025 Several investors were able to attend the dinner for only the cost of trading fees by shorting $Trump.Kharif 2025a According to NBC News, the winners of the contest collectively spent 394 million.Collier 2025 References to a tour of the White House were later removed from the dinner's website; a senior Trump official stated that the administration was not conducting a tour for the investors.Yaffe-Bellany Lipton 2025b The "black-tie optional"Ingram Egwuonwu 2025 dinner was held at Trump National Golf Club Washington, D.C. in Sterling, Virginia.Yaffe-Bellany Lipton 2025a Before the dinner, protesters had gathered to condemn the gathering, shouting, "Shame!"Kharif Faux 2025 The menu featured filet mignon, pan-seared halibut, and a "Trump organic field green salad".Yaffe-Bellany Lipton 2025a An attendee who spoke to The Verge described "pretty light" security,Nguyen 2025 Trump's limited presence and his speech—delivered behind a podium with the presidential sealJansen 2025—and a private afterparty at the Washington Marriott Capitol Hill hosted by Memecore.Nguyen 2025 Trump's speech was approximately fifteenIngram Egwuonwu 2025 to twenty minutes long.Treene 2025 Four of the highest-paying investors, including Justin Sun, were given 100000 Tourbillon watches.Nguyen 2025 The dinner was Sun's first visit to the United States since being investigated by the United States attorney for the Southern District of New York in 2021.Berwick Kowsmann Ge Huang 2025 MemeCore, a cryptocurrency company, invested 19.3 million to become the second-largest holder; Cherry Hsu, the company's chief business officer, stated that he was interested in sharing its "vision and mission" with Trump and other attendees. The largest holder was an account belonging to HTX that was believed to be associated with Justin Sun. Javier Selgas, the chief executive of Fr8Tech, told the Securities and Exchange Commission that he intended to purchase 20 million in $Trump in an effort to convince Trump to lower tariffs on Mexico. Through a guest list and social media, the Times later identified many of the attendees, including Sun and the former basketball player Lamar Odom.Fahrenthold Lipton Shao Freedman 2025 The dinner posed ethics concerns and opportunities for foreign influence.Neuman 2025 Wyoming senator Cynthia Lummis and North Carolina senator Thom Tillis expressed concerns over the dinner.Ingram Egwuonwu 2025 Citizens for Responsibility and Ethics in Washington's Donald Sherman described it as "one of the most blatant and appalling instances of selling access to the presidency".Anderson Garrison 2025 Massachusetts senator Elizabeth Warren described the dinner as an "orgy of corruption", while Oregon senator Jeff Merkley referred to it as "the Mount Everest of American corruption."Shapero 2025Harty 2025 Merkley and Senate minority leader Chuck SchumerIngram Egwuonwu 2025 introduced a bill to ban senior executive branch officials—including Trump—and their family from profiting off of cryptocurrency. Merkley additionally asked the Office of Government Ethics to investigate the dinner.Lipton Freedman Yaffe-Bellany 2025 The Senate Homeland Security Permanent Subcommittee on Investigations's investigation into cryptocurrency businesses involving Trump broadened to include the dinner.Kharif 2025b Maryland representative Jamie Raskin, the ranking member of the House Committee on the Judiciary, later initiated an inquiry into the dinner.Zakrzewski 2025 The late-night television hosts Jimmy Fallon and Jimmy Kimmel ridiculed the dinner for its attendees and its apparent corruption, respectively.Vineyard 2025 2026 private event In April 2026, the top buyers of the $Trump coin attended a Mar-a-Lago event where they got potential facetime with Trump.Zakrzewski Cat 2026-04-25 Top buyers of Trump meme coin join Mike Tyson, others at lavish Mar-a-Lago event https://www.washingtonpost.com/politics/2026/04/25/trump-crypto-meme-coin-conference/ The Washington Post en-US 0190-8286 The Citizens for Responsibility and Ethics in Washington (CREW) condemned the event and the $Trump coin as unethical. Token distribution According to the meme coin's website, ownership of the token is primarily concentrated in two Trump owned entities: CIC Digital LLC and Fight Fight Fight LLC, which together hold 80 percent of the coins remaining after the ICO.Massa Annie January 19, 2025 Trump's Memecoin Creates Billions From Thin Air Before DC Return https://www.bloomberg.com/news/articles/2025-01-19/trump-s-memecoin-creates-billions-from-thin-air-before-dc-return?embedded-checkout=true Bloomberg Trump's personal profit under this ownership structure is unclear. The holdings are scheduled for gradual release over three years.Faguy Ana Trump launches meme coin, $TRump days before return to White House https://www.bbc.com/news/articles/c9vmym2jvy9o January 19, 2025 BBC News January 18, 2025 en-GB Value After its launch in January 2025, the price of the meme coin soared by over 300% overnight.Roush Ty January 19, 2025 Donald Trump Launches $TRUMP Meme Coin—Token Hits $9 Billion Market Cap https://www.forbes.com/sites/tylerroush/2025/01/19/donald-trump-launches-trump-meme-coin-token-exceeds-12-billion-market-cap/ live https://web.archive.org/web/20250120031707/https://www.forbes.com/sites/tylerroush/2025/01/19/donald-trump-launches-trump-meme-coin-token-exceeds-12-billion-market-cap/ January 20, 2025 January 20, 2025 Forbes Within two days, it became the 19th most valuable form of cryptocurrency in the world, with a total trading value of nearly $13 billion, and a total of $29 billion worth of trades based on a $64 value of each of the 200 million tokens issued by the afternoon of January 19. In February 2025, a forensic analysis commissioned by The New York Times concluded that 813,294 wallets lost $2 billion by trading the coin while the president's company and partners profited about $100 million from trading fees. According to Fortune, "Less than three weeks after its release, President Donald Trump's meme coin has produced more losers than winners. For every dollar in trading fees the Trump crypto creators raked in, investors lost $20." By early July 2026, the coin was trading at less than $US2; it was down 97 percent from its peak price of $75.35. Two out of three buyers had lost money, either when selling the coin, or based on its early July market price, if still holding the coin. About 990,000 buyers had lost a total of $3.81 billion.Lipton Eric Yaffe-Bellany David 2026-07-04 Nearly a Million Investors Lost a Total of $3.8 Billion on Trump Crypto Coin https://www.nytimes.com/2026/07/04/us/politics/trump-coin-crypto-investors-loss.html 2026-07-04 The New York Times en-US 0362-4331 Reception Some crypto executives and investors said Trump had undermined the credibility of the industry they had worked hard to build by selling coins known for their speculative nature and extreme volatility. They also noted Trump's brazen conflict of interest by setting crypto market policies while directly benefiting from participating in the market. Some noted its similarity to a "rug pull", in which a coin is launched and quickly abandoned, leaving early investors with steep losses. The Wall Street Journal reported "Even the most ardent Trump supporters reached a breaking point when the $MELANIA token launched less than 48 hours after" $Trump, with one urging Trump to fire the advisor who recommended it. Erik Voorhees, a prominent Bitcoin investor, criticized the coin as "stupid and embarrassing".Lipton Eric Yaffe-Bellany David January 19, 2025 Trump's Cryptocurrency Surges to Become One of the World's Most Valuable https://www.nytimes.com/2025/01/19/us/politics/trump-cryptocurrency-surges.html January 21, 2025 The New York Times en-US 0362-4331Mohamed Theron January 20, 2025 Crypto leaders worry Trump's meme coin is undermining their credibility https://www.aol.com/crypto-leaders-worry-trumps-meme-143522774.html Business Insider via AOL.com Others discussed its lack of any utility beyond enriching Trump. $TRUMP doesn't purport to hold value in the way that bitcoin or stablecoins do. Nor does $TRUMP entitle a buyer to a vote on a company's future direction, as World Liberty's initial token does. It does not even convey the right to own a digital cartoon of Trump. It's a meme coin, a novelty, a bit of fun—the fun, for those who enjoy it, of paying Donald Trump. David D. Kirkpatrick in The New Yorker Ethics experts criticized the crypto venture and government watchdogs.Lipton Eric Yaffe-Bellany David January 19, 2025 Trump's Cryptocurrency Surges to Become One of the World's Most Valuable https://www.nytimes.com/2025/01/19/us/politics/trump-cryptocurrency-surges.html subscription live https://web.archive.org/web/20250119214523/https://www.nytimes.com/2025/01/19/us/politics/trump-cryptocurrency-surges.html January 19, 2025 January 19, 2025 The New York Times 0362-4331 The venture and the possibility of foreign governments buying the coin and enriching Trump was highlighted as possibly violating the Constitution's foreign emoluments clause.Romm Tony January 19, 2025 Trump promotes meme coin, raising ethics issues as value soars https://www.washingtonpost.com/politics/2025/01/19/trump-meme-coin-crypto/ subscription January 19, 2025 The Washington Post 0190-8286 Critics said it could allow special interests and foreign governments to seek to buy influence with the president.Suderman Alan January 19, 2025 Trump promotes new meme coin before taking office on pro-crypto agenda https://apnews.com/article/trump-crypto-meme-coin-token-75bf67ef9e6e54bf455f2f9f03470be3 live https://web.archive.org/web/20250120020059/https://apnews.com/article/trump-crypto-meme-coin-token-75bf67ef9e6e54bf455f2f9f03470be3 January 20, 2025 January 20, 2025 Associated Press The release of $Trump was condemned by ethics lawyers, including Adav Noti, the director of the Campaign Legal Center,Lipton Eric Eric Lipton January 18, 2025 Trump Begins Selling New Meme Coin Days Ahead of Inauguration https://www.nytimes.com/2025/01/18/us/politics/trump-meme-coin-crypto.html live https://web.archive.org/web/20250118200948/https://www.nytimes.com/2025/01/18/us/politics/trump-meme-coin-crypto.html January 18, 2025 January 18, 2025 The New York Times and Jordan Libowitz, the vice president for communications at Citizens for Responsibility and Ethics in Washington.Goodman Jasper January 18, 2025 Trump launches crypto meme coin, ballooning net worth ahead of inauguration https://www.politico.com/news/2025/01/18/trump-crypto-meme-coin-inauguration-00199157 live https://web.archive.org/web/20250118232119/https://www.politico.com/news/2025/01/18/trump-crypto-meme-coin-inauguration-00199157 January 18, 2025 January 18, 2025 Politico Nick Tomaino, a former executive at Coinbase, described Trump's ownership and the timing of the cryptocurrency as "predatory". Anthony Scaramucci, a former White House Communications Director during the first Trump administration and current crypto investor, described the coin as "Idi Amin level corruption" and said that the launch of the coin was bad for the cryptocurrency industry. He added, "Now anyone in world can essentially deposit money into bank account of President of USA with a couple clicks."Goodman Jasper January 18, 2025 Trump launches crypto meme coin, ballooning net worth ahead of inauguration https://www.politico.com/news/2025/01/18/trump-crypto-meme-coin-inauguration-00199157 live https://web.archive.org/web/20250118232119/https://www.politico.com/news/2025/01/18/trump-crypto-meme-coin-inauguration-00199157 January 18, 2025 January 18, 2025 Politico Brendan Fischer, the deputy executive director at Documented, an investigative news outlet, said, "The timing of this launch cannot be a coincidence. It comes just after Trump's campaign ended, and just before he formally takes office and is fully subject to federal ethics rules."Legaspi Althea January 19, 2025 Melania Trump Crypto Meme Coins Are Here Less Than 24 Hours Before Inauguration https://www.rollingstone.com/politics/politics-news/melania-trump-releases-crypto-memes-1235241282/ live https://web.archive.org/web/20250120034737/https://www.rollingstone.com/politics/politics-news/melania-trump-releases-crypto-memes-1235241282/ January 20, 2025 January 20, 2025 Rolling Stone With the coin having slumped in value as of the end of early February 2025, the circumstances around the coin have led to wide condemnation from ethics experts and concerns over conflicts of interest as well as allegations from members of Congress that have called for an investigation.Conroy J. Oliver January 31, 2025 The Maga backlash against Trump's crypto grab: 'This is bad, and looks bad' The Guardian https://www.theguardian.com/us-news/2025/jan/31/trump-cryptocurrency-republicans Exclusive: Trump's meme coin made nearly $100 million in trading fees, as small traders lost money https://www.reuters.com/markets/currencies/trumps-meme-coin-made-nearly-100-million-trading-fees-small-traders-lost-money-2025-02-03/ https://web.archive.org/web/20250225054707/https://www.reuters.com/markets/currencies/trumps-meme-coin-made-nearly-100-million-trading-fees-small-traders-lost-money-2025-02-03/ February 25, 2025 May 11, 2025 Reuters en-US live Brichta Maximilian January 30, 2025 Why Trump's meme coin is a cash grab https://theconversation.com/why-trumps-meme-coin-is-a-cash-grab-248215 The Conversation Some analysts described it as a pump and dump scheme,Standard The Trump coin pump and dump scheme fleeces supporters even before inauguration https://www.thestandard.com.hk/breaking-news/section/6/225577/Trump-coin-pump-and-dump-scheme-fleeces-supporters-even-before-inauguration January 22, 2025 The Standard en and a "disaster".January 22, 2025 Trump Meme Coins Are a Disaster in Waiting https://www.bloomberg.com/opinion/articles/2025-01-22/trump-meme-coins-are-a-disaster-in-waiting January 22, 2025 Bloomberg.com en A forensic analysis commissioned by The New York Times concluded that 813,294 wallets lost $2 billion by trading the coin while the president's company and partners profited about $100 million from trading fees.Rogelberg Sasha Thousands of investors in Trump's memecoin lost $2 billion in just weeks while the family and its partners racked up $100 million in trading fees https://fortune.com/2025/02/11/trump-memecoin-traders-2-billion-dollar-loss-family-100-million-fees/ February 14, 2025 Fortune en February 11, 2025Lipton Eric Yaffe-Bellany David February 9, 2025 Early Crypto Traders Had Speedy Profit on Trump Coin as Others Suffered Losses https://www.nytimes.com/2025/02/09/us/politics/trump-crypto-memecoin.html February 14, 2025 The New York Times en-US 0362-4331 According to Fortune, "Less than three weeks after its release, President Donald Trump's meme coin has produced more losers than winners. For every dollar in trading fees the Trump crypto creators raked in, investors lost $20." Representative Sam Liccardo, a Democrat who represents Silicon Valley, introduced the Modern Emoluments and Malfeasance Enforcement Act (MEME Act), which would prohibit the issuance or endorsement of any financial asset by the president, senior White House officials, or members of Congress, or their spouses or children. Unlike the Hatch Act, it would introduce a private right of action for anyone harmed by purchasing such assets.Alfred Mark February 27, 2025 Silicon Valley lawmaker wants to make it illegal for Trump to hawk crypto https://sanjosespotlight.com/silicon-valley-lawmaker-wants-to-make-it-illegal-for-trump-to-hawk-crypto/ March 1, 2025 San José Spotlight San Jose, California $Melania thumb |The Melania meme coin experienced extreme volatility in its first days, after which it declined in price.Picchi Aimee Trump's meme coin, which had fizzled in value, surges after offer of dinner with the president https://www.cbsnews.com/news/trump-coin-dinner-with-president-meme-coin-price/ CBS News 24 April 2025 https://web.archive.org/web/20260216171144/https://www.cbsnews.com/news/trump-coin-dinner-with-president-meme-coin-price/ 16 February 2026 live After the launch of the $Trump meme coin, Trump's wife Melania launched her own meme coin, $Melania on January 19, 2025. The launch of the $Melania token was partially handled by Hayden Davis, who later played a key role in orchestrating the $Libra cryptocurrency scandal.Nicolle Emily February 26, 2025 Counterfeits and Cult Murder: A Memecoin Family's Checkered Past https://www.bloomberg.com/news/articles/2025-02-26/counterfeiting-and-cult-murder-family-behind-milei-memecoin-has-checkered-past Bloomberg Davis admitted to his involvement in "sniping" the $Melania and $Libra tokens, a legally-questionable practice similar to front running.Comments of Hayden Davis https://www.sec.gov/comments/sr-nysearca-2025-06/srnysearca202506-570815-1635702.html U.S. Securities and Exchange Commission In October 2025, founders of decentralized crypto exchange Meteora were named in a class action lawsuit alleging that Melania Trump's meme coin, among fifteen tokens, was part of a scheme utilizing "weaponized fame to disarm diligence".Garcia Carlos Weiss Ben Melania Trump memecoin team 'weaponized fame to disarm diligence' in sprawling crypto conspiracy, alleges court filing https://fortune.com/crypto/2025/10/23/melania-trump-memecoin-conspiracy-court-filing-benjamin-chow-hayden-davis/ Fortune 23 October 2025 From President Trump's 2024 inauguration day to the end of November 2025, the price of the $Melania token fell 99%, while the price of the $Trump token fell 86%.Pitcher Jack Since Trump's Return, Bets on His Brand Have Soured https://www.wsj.com/finance/stocks/donald-trump-djt-stock-crypto-slump-05b89b5b Wall Street Journal 29 November 2025 House Judiciary Committee report On November 25, 2025, U.S. Representative Jamie Raskin released a report finding that following an investigation by Democrats on the U.S. House Judiciary Committee, it was determined that the cryptocurrency policies of Trump were in fact used to benefit Trump and his family, with Trump in fact adding billions of dollars to his net worth through cryptocurrency schemes which were entangled with foreign governments, corporate allies, and criminal actors. The report, titled Trump, Crypto, and a New Age of Corruption, also found that Trump dismantled anti-corruption and financial integrity safeguards and pardoned people who were regarded as "corporate cronies" in order build his cryptocurrency empire.https://democrats-judiciary.house.gov/sites/evo-subsites/democrats-judiciary.house.gov/files/evo-media-document/2025-11-24.hjc-dem-staff-report-trump-crypto-corruption-small_0.pdf Trump, Crypto and a New Age of Corruption House Judiciary Committee Democrats November 24, 2025 November 26, 2025https://democrats-judiciary.house.gov/media-center/press-releases/new-report-exposes-the-trump-family-s-multi-billion-dollar-crypto-empire-fueled-by-self-dealing-and-corrupt-foreign-interests New Report Exposes the Trump Family's Multi-Billion-Dollar Crypto Empire, Fueled by Self-Dealing and Corrupt Foreign Interests U.S. House Judiciary Committee November 25, 2025 November 25, 2025https://www.youtube.com/watch?v=ll9alJlAi_I Raskin on Trump family's crypto earnings: 'We're talking billions of dollars' MS Now YouTube November 26, 2025 November 26, 2025 See also Donald Trump's stance on cryptocurrencies Trump Rebate Banking system, fraudulent products that use Trump's name and likeness World Liberty Financial, a decentralized finance project linked with the family of Donald Trump Rug pull References Works cited 30em yes Anderson Zac Garrison Joey https://www.usatoday.com/story/news/politics/2025/05/22/trump-crypto-dinner-ethics-meme-coin/83787117007/ Trump's crypto dinner: Black ties, a Chinese billionaire and ethics questions May 22, 2025 USA Today May 23, 2025 Berwick Angus Kowsmann Patricia Ge Huang Vicky https://www.wsj.com/finance/currencies/justin-sun-trump-crypto-dinner-7efd5367 A Crypto Billionaire Who Feared Arrest in the U.S. Returns for Dinner With Trump May 22, 2025 The Wall Street Journal May 23, 2025 Collier Kevin https://www.nbcnews.com/tech/crypto/trumps-crypto-dinner-cost-1-million-seat-average-rcna207802 Trump's crypto dinner cost over $1 million per seat on average May 21, 2025 NBC News May 23, 2025 Declan Harty May 27, 2025 Meet the crypto investors who bought a dinner with Trump https://www.politico.com/news/2025/05/22/crypto-memecoin-dinner-trump-warren-00360761 May 22, 2025 POLITICO Fahrenthold David Lipton Eric Shao Elena Freedman Dylan https://www.nytimes.com/2025/05/23/us/politics/trump-crypto-dinner-attendees.html Who Won a Seat at Trump's Crypto Dinner? May 23, 2025 David Fahrenthold Eric Lipton The New York Times May 23, 2025 Ge Huang Vicky https://www.wsj.com/finance/currencies/trump-launches-meme-coin-ahead-of-white-house-return-16b4e99b Trump Launches Meme Coins Ahead of White House Return January 19, 2025 The Wall Street Journal May 22, 2025 Ingram David Egwuonwu Nnamdi https://www.nbcnews.com/tech/crypto/trumps-meme-coin-dinner-tuxedos-luxury-suvs-protesters-rcna208647 At Trump's crypto dinner: Tuxedos, luxury cars and a former NBA star May 22, 2025 NBC News May 23, 2025 Jansen Bart https://www.usatoday.com/story/news/politics/2025/05/23/trump-presidential-seal-crypto-dinner-white-house/83814443007/ Trump speaks with presidential seal at crypto dinner the White House billed as private May 23, 2025 USA Today May 23, 2025 Kharif Olga https://www.bloomberg.com/news/articles/2025-05-14/trump-memecoin-speculator-says-presidential-dinner-is-costing-him-just-1-200 Trump Memecoin Speculator Says Presidential Dinner Is Costing Him Just $1,200 May 14, 2025 Bloomberg News May 23, 2025 Kharif 2025a Kharif Olga https://www.bloomberg.com/news/articles/2025-05-21/trump-s-old-partner-sells-memecoins-cologne-and-access Behind Trump's 'Most Exclusive' Dinner, a Partner Sells Access May 21, 2025 Bloomberg News May 22, 2025 Kharif 2025b Kharif Olga Faux Zeke https://www.bloomberg.com/news/articles/2025-05-22/protesters-yell-shame-at-guests-of-trump-s-memecoin-dinner Protesters Yell 'Shame' at Guests of Trump's Memecoin Dinner May 22, 2025 Bloomberg News May 23, 2025 Lipton Eric Freedman Dylan Yaffe-Bellany David https://www.nytimes.com/2025/05/12/us/politics/trump-memecoin-winners.html Some Bidders in Trump's Contest Sold All Their Digital Coins but Still Won May 12, 2025 Eric Lipton The New York Times May 22, 2025 Neuman Scott June 2, 2025 https://www.npr.org/2025/05/22/nx-s1-5406209/trump-meme-coin-dinner-crypto Politics:Raising ethics questions, top Trump meme coin investors to dine with president tonight May 22, 2025 Morning Edition NPRNeuman 2025 Nguyen Tina https://www.theverge.com/politics/673870/trump-meme-coin-dinner-justin-sun-watch-presidential-seal Presidential seals, 'light vetting,' $100,000 gem-encrusted watches, and a Marriott afterparty May 23, 2025 The Verge May 23, 2025 Shapero Julia https://thehill.com/policy/technology/5314955-trump-meme-coin-dinner-criticism/ Democrats rip Trump ahead of meme coin dinner: 'Orgy of corruption' May 25, 2025 The Hill May 25, 2025 Treene Alayna https://www.cnn.com/2025/05/23/politics/trump-crypto-meme-coin-dinner Inside the room at Trump's meme coin dinner May 23, 2025 Alayna Treene CNN May 23, 2025 Vineyard Jennifer https://www.nytimes.com/2025/05/23/arts/television/jimmy-kimmel-trump-crypto-dinner.html Jimmy Kimmel Digests Trump's Crypto Dinner May 23, 2025 The New York Times May 23, 2025 Yaffe-Bellany David Goldstein Matthew Lipton Eric https://www.nytimes.com/2025/04/23/technology/trump-private-dinner-crypto-memecoin.html Trump Offers Private Dinner to Top 220 Investors in His Memecoin April 23, 2025 Eric Lipton The New York Times May 22, 2025 Yaffe-Bellany David Lipton Eric https://www.nytimes.com/2025/05/13/us/politics/trump-crypto-purchase.html Tiny Company With China Ties Announces Big Purchase of Trump Cryptocurrency May 13, 2025 Eric Lipton The New York Times May 23, 2025 Yaffe-Bellany Lipton 2025a Yaffe-Bellany David Lipton Eric https://www.nytimes.com/2025/05/22/us/politics/trump-memecoin-dinner.html Hundreds Join Trump at 'Exclusive' Dinner, With Dreams of Crypto Fortunes in Mind May 22, 2025 Eric Lipton The New York Times May 23, 2025 Yaffe-Bellany Lipton 2025b Zakrzewski Cat https://www.washingtonpost.com/politics/2025/05/29/trump-crypto-dinner-investigation-democrats/ House Democrat launches investigation of Trump's meme coin dinner May 29, 2025 The Washington Post June 2, 2025 Further reading https://www.wired.com/story/a-helicopter-halibut-and-ymca-inside-donald-trumps-memecoin-dinner/ A Helicopter, Halibut, and 'Y.M.C.A': Inside Donald Trump's Memecoin Dinner May 23, 2025 Khalili Joel Wired May 23, 2025 External links Official $Melania website Category:Solana (blockchain platform) Category:2025 establishments in the United States Category:Business career of Donald Trump Category:Corruption in the United States Category:Cryptocurrency in the United States Category:Currencies introduced in 2025 Category:Internet memes introduced in 2025 Category:Meme coins Category:Second Trump administration controversies Category:Donald Trump