President-elect Donald Trump has now found yet another way to convince his followers to throw their money his way — this time with a questionable cryptocurrency venture.Axios is reporting that the soon-to-be 47th president of the United States has rolled out a "meme coin" dubbed $TRUMP, which is bei...
  • ArbiterXero@lemmy.world
    18·
    4 months ago

    Yep, it doesn’t feel like a pump n dump, but very public bribery.

    Hard to tell for sure, but it’s got a strange flavour to it.

    Time will tell.

    • jonne@infosec.pub
      5·
      4 months ago

      Eventually it’ll dump. I can’t imagine this coin having much utility post-Trump presidency, whenever and however that ends.

    • tal@lemmy.todayEnglish
      2·
      4 months ago

      I mean, I just don’t have the expertise to say on the legal/regulatory side. Someone who has a background in securities and has been following the cryptocurrency situation would probably be in a better position.

      I suppose that there will be people who do have such a background looking at it. The fact that it’s the President – who is in charge of the Executive Branch – and that most media that might be reporting on it has a partisan position makes this a lot more complicated.

      Still, wouldn’t be the first time that we’ve run into high-level graft in the Executive Branch. Dealt with it then.