Washington Post columnist Catherine Rampell claimed President Donald Trump may use his new crypto token, $TRUMP, to sell influence to foreign governments.

"Seriously I was a big trump fan, but which president think's it's a good idea to make a meme coin when they are about to be in charge of a very large country? "

Donald and Melania Trump launched new cryptocurrencies over the weekend. Some experts are advising investors to be cautious.

Space X and Tesla CEO Elon Musk, who Trump has appointed as co-lead in the newly created Department of Government Efficiency (DOGE), stands as the richest person in the world with a fortune of $433.9 billion, per Forbes.

The incoming first couple have launched a pair of meme coins in the leadup to president-elect Donald Trump’s inauguration that are already worth billions of dollars on paper. But the timing of the Trump cryptocurrency launch,

According to a disclaimer on the Trump Meme website, Trump Organization-affiliated entities hold 80 percent of the cryptocurrency, and will earn profits from the "trading revenue" generated through sales.

The new business venture by the Trump family is generating intensifying criticism and ethics questions, even as it has turned into an overnight phenomenon, generating a windfall on paper.

Melania Trump launched a meme coin on the eve of her husband’s inauguration — causing his own new cryptocurrency to briefly tank amid a buying frenzy. The incoming first lady dropped news of the cryptocurrency — “$MELANIA” — on Sunday night — just days after her husband, President-elect Donald Trump, revealed his own newly created $TRUMP coin.

Currently, $Trump is the 25th biggest cryptocurrency in the world in terms of market cap. As of Thursday, the coin was valued at $7.4 billion.

Elon Musk has recently expressed interest in seeking a presidential pardon for Roger Ver, widely known in the cryptocurrency community as “Bitcoin Jesus.” This follows the highly publicized pardon of Ross Ulbricht,

Donald Trump wished his wife and First Lady Melania Trump a 20th wedding anniversary along with a throwback picture from their wedding day in a post on his official X account.Happy 20th