Launched days before his second inauguration, the “fight, fight, fight” $TRUMP meme coin has seen wildly disparate outcomes for investors. While a small number of accounts profited handsomely, totaling roughly $1.1 billion, a significant portion of the 2 million accounts have lost money. The coin’s value has fluctuated dramatically, influenced by promotional efforts including a contest offering access to Trump, and is currently under investigation by the Senate for potential conflicts of interest. Despite Trump’s claims of unawareness, his involvement raises concerns given his past pronouncements on cryptocurrency and his administration’s influence on its regulation.
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Trump’s embrace of cryptocurrency presents a glaring red flag, raising serious concerns about potential conflicts of interest and the overall stability of the financial system. His history of financial dealings, marked by bankruptcies and accusations of money laundering, casts a long shadow over any crypto-related initiatives he might undertake. The sheer scale of his potential influence, coupled with his past behavior, suggests a high likelihood of manipulation and exploitation.
The inherent volatility of the cryptocurrency market presents a substantial risk. Trump’s involvement could exacerbate this volatility, leading to potentially devastating consequences for ordinary investors. His track record suggests a propensity for prioritizing personal gain over the interests of the wider economy, increasing the risk of a “pump and dump” scheme on a national scale, with taxpayers ultimately bearing the losses.… Continue reading
John Q. Hosedrinker 
Matt Underwood