Technology
The new Trump cryptocurrency undertaking can be a conflict of interests
This is a meme coin named $ Trump.
President Elek Donald Trump began one other cryptocurrency, a meme coin named $ Trump, just before the inauguration, which some are critical, taking note of the potential conflict of interests.
According to the second trip of Trump in cryptocurrency, After starting World Liberty Financial together with his sons, Donald Trump Jr. and Eric Trump in 2024
According to their reporting, 80% of the new supplies Meme Meme is the property of the fight, fight, fight and Cic Digital, which is related to the Trump organization. Some say that this can create a potential conflict of interest. As within the case of his last administration, concerns about national security regarding President Elek and Elon Musk were raised.
In November 2024, Robert Weissman, co -chairman of a public citizen, guard group, issued a statement As for the potential conflicts of interest in cryptocurrencies and the potential of average investors to lose when the deregulation bubble inevitably pops up.
“… The greatest conflict of all, is not surprising, it concerns Donald Trump himself: the Trump family is associated with the cryptographic project, World Liberty Financial, which is completely built around the Trump brand, promises the family of huge payments if the project succeeds. The values of cryptocurrencies increased after Trump’s winning, and cryptocurrency investors have all reasons for anticipating deregulation under Trump, “said Weissman.
Weissman got here to the conclusion: “But buyer beware: investors should not perceive deregulation as a good thing. There may be short -term inequality of cryptocurrency values due to election vibration. But in the medium and long -term period, investors help investors. Deregulation certainly drives bubbles, which will eventually break and cause huge losses for small cryptographic investors. “
According to Larisa Yarovaya, finance professor and director of the Center for Digital Finance on the Southhampton Business School, although the cryptographic bubble looks promising, making an allowance for the clear guarantees of Trump that he would be the president of cryptocurrency, The bubble may crack at any time.
“Strong political and government cryptographic support, paradoxically, pose a threat to his ethos decentralization and may ultimately undermine the appeal of cryptographic assets,” wrote Yarovaya in a statement at the start of January. “If in 2025 Sec tries his eyes, consumers could be completely defenseless from financial losses- especially when another bubble of coin breaks.”
However, the Meme Coin website has published the next waiver of responsibility, probably to cover its legal bases despite its status of the entity belonging to Trump.
“Trump’s memes are to function as an expression of support and commitment to the ideals and beliefs contained by the symbol” $ Trump “and related works of art, and are not to be or be an object. investment possibilities, investment agreement or security of any type. Gettrumpmemes.com is not political and has nothing to do with any political campaign or any political agency or government agency. “