As Trump loosens the leash on the crypto industry, people close to him are already reaping the rewards. He launched his own memecoin, $TRUMP, and then followed it up by promoting his wife’s memecoin, $MELANIA. Both coins have already seen a significant amount of ups and downs in the days since their launch, but have almost certainly netted some nice gains for insiders who found some suckers to hold the bag for them. President Donald Trump, pumper of multiple memecoins and perpetual rug puller, has tasked the US Securities and Exchange Commission with developing a comprehensive and clear regulatory framework for crypto assets. Do you think that this will lead to more scammers emerging ?
