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The disclaimer on the websites of both $Trump and $Melania coins states that they are “not intended to be or be subject to” an investment opportunity or security.
According to the website CoinMarketCap, $Trump currently has a total market valuation of around $8.7 billion (£7.1 billion), while $$Melania stands at around $1.3 billion.
Trump previously called crypto a “fraud,” but during the 2024 election campaign. became the first presidential candidate to accept digital assets as donations.
During his campaign, Trump also said he would create a strategic bitcoin reserve and appoint financial regulators who take a more positive stance toward the digital asset.
This has fueled expectations that he will deregulate the crypto industry.
After Trump’s victory, Bitcoin jumped to an all-time high and is currently trading at $140,000, according to crypto trading platform Coinbase.
On Friday, new artificial intelligence (AI) and crypto czar David Sachs held a “Crypto Ball” in Washington, DC.
Other cryptocurrencies, including dogecoin — which was popularized by high-profile Trump supporter Elon Musk — have also rallied sharply this year.
Under President Joe Biden, regulators cited concerns about fraud and money laundering as they cracked down on crypto companies by suing exchanges.
