In this news:
The Trump token has attracted billions of dollars in trading volumes in the hours since launch, despite initial speculation that the social media announcements were a hack.
Social accounts associated with the Trump camp had previously been hacked and used by unauthorized actors to promote a fraudulent token — a common occurrence in crypto, and one that has even affected the Securities and Exchange Commission.
Representatives for the president-elect didn’t return requests for comment.
Trump’s previous forays into crypto include profitable collections of nonfungible tokens, digital collectibles that show him in a variety of poses and costumes, including as a superhero. Along with his sons, he’s also endorsed World Liberty Financial, a project that has been much-hyped but for which details remain scarce.
The president-elect has made explicit overtures to the crypto industry in the months before and after his election. He’s considering an executive order designating the asset class a “national priority,” Bloomberg News previously reported.
