$TRUMP Memecoin

🔴 Abuse of Power · Jan–ongoing 2025

Summary

Days before his second inauguration, Donald Trump personally launched and promoted the $TRUMP cryptocurrency memecoin through CIC Digital LLC, a company he owns that held 80 percent of the coin’s total supply. The coin reached a fully diluted market capitalization of approximately $27 billion within hours of launch before declining sharply. Trump’s family crypto firm World Liberty Financial (WLF) solicited access to Trump in exchange for purchases of the firm’s stablecoin and tokens, including from foreign investors, individuals with criminal records, and entities under U.S. regulatory scrutiny. At least one SEC investigation involving a major WLF investor was dropped after the investor made payments to WLF.