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    Here’s Why Donald Trump Had to Launch His Meme Coin Before Taking Office

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    Official Trump Coin (TRUMP) and Official Melania Coin (MELANIA) rocked the crypto market earlier than the presidential inauguration. Is TRUMP an SEC goal?

    The crypto market is eventful and fast-paced, and this has been very true since Donald Trump gained the presidential election in November.

    Bitcoin, Solana, and meme cash soared to report highs, with the world’s most respected crypto making headlines after breaking $100,000 for the primary time. 

    Trump Meme Cash Daybreak Period Of Mainstream Crypto

    Quick-forward two months, and the president-elect did one thing nobody anticipated. On Friday, January 18, his workforce launched TRUMP, the “Official Donald Trump” meme coin.

    Though the token debuted after market hours, it exploded over the weekend, with costs surging above $50 and reaching as excessive as $74 on some exchanges.

    At its peak, TRUMP had a market cap of over $14 billion and have become one of the priceless meme cash.

    (Source)

    Though costs later dipped earlier right now—coinciding with the launch of the MELANIA meme coin by the incoming First Girl—the TRUMP token stays bullish.

    As Trump prepares to take workplace right now, January 20, because the forty seventh President of the USA, it’s clear why his meme coin might see continued momentum in Q1 2025.

    Whereas the crypto market is worked up, Why did Trump launch the token on Friday, January 18, lower than 72 hours earlier than his inauguration?

    Why the TRUMP and MELANIA Tokens Needed to Launch

    Analysts have proposed a number of causes for this strategic timing. Whereas critics recommend Trump is motivated by private enrichment, others point to authorized constraints.

    On the prime of the checklist is the Emoluments Clause, which prohibits a sitting president from receiving earnings or advantages from overseas governments.

    This regulation additionally bars the president from utilizing the workplace for private acquire with out Congressional approval.

    In gentle of this, the Emoluments Clause is evidently designed to forestall conflicts of curiosity and authorized challenges arising from such conditions.

    The Trumps strategically prevented accusations of taking advantage of the presidency by launching TRUMP and MELANIA in fast succession earlier than taking workplace.

    Each cash have already spiked by over 10x, and the issuing addresses—seemingly immediately managed by Trump’s workforce—nonetheless retain a giant chunk of the whole provide.

    Had these tokens been issued after January 20, Trump and the First Girl would seemingly have violated the Emoluments Clause, giving Democrats grounds to provoke impeachment proceedings.

    What’s Subsequent For Official Trump Coin and Official Melania Coin?

    Even because the TRUMP and MELANIA meme cash register early success, the USA Securities and Change Fee (SEC) is carefully monitoring them.

    It stays unsure whether or not these tokens might be categorized as securities or utility tokens, much like Bitcoin.

    Analysts are actually watching to see if TRUMP will resume its uptrend, probably breaking the all-time highs reached over the weekend.

    EXPLORE: SOL Price Smacks New Weekly High As New Solana Layer 2 Cracks $11M Funding

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    The put up Here’s Why Donald Trump Had to Launch His Meme Coin Before Taking Office appeared first on 99Bitcoins.



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