Trump Coin Sparks Fury As Industry Grapples With Pump-And-Dump Dread
Washington, D.C. – Crypto politics collide with digital finance as Trump’s meme coin launch triggers a volatile market reaction, polarizing industry watchers and prompting regulatory caution.
Donald Trump's Truth account announcing the $TRUMP meme coin January 19, 2025. (Photo by Jonathan ... [+] Raa/NurPhoto via Getty Images)NurPhoto via Getty Images
How the Story Began: Trump Engaged Top Bitcoin Miners on U.S. Crypto Future
Top bitcoin mining companies, including Riot Platforms, Clean Spark, and Core Scientific, convened a closed-door meeting with Trump at Mar-a-Lago. This historic gathering appeared to signal the former President's intent to play an active role in forming America's digital asset industry. David Bailey, CEO of Bitcoin Magazine, emerged as one of the influential spokespe...