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Trump Launches Meme Coins Amid Inauguration, Concerns Over Ethics Arise

President Trump debuts $TRUMP and $MELANIA meme coins, triggering market volatility and raising ethical questions regarding his potential conflicts of interest.

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Overview

A summary of the key points of this story verified across multiple sources.

On inauguration day, President Trump launched the $TRUMP coin, which rose sharply before declining, alongside Melania's $MELANIA coin. While excitement grows over his pro-crypto stance, critics warn of ethical conflicts given Trump's ties to the cryptocurrency market. The coins are intended not as investments, but as collectibles promoting Trump's values. Analysts express concern over the influence of potential big contributors as Trump's net worth surged. The volatility displayed by both coins raises questions on market manipulation and regulatory oversight as they are positioned to benefit Trump personally.

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