Trump’s Latest, and Most Questionable, Crypto Launch, Explained – Mother Jones

Trump described the new financial product as “WINNING!” One critic described it as “Idi Amin level corruption.”Charly Triballeau/AP

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On Friday night, just days before his inauguration, President-elect Donald Trump took to X to celebrate…the launch of his new meme coin. “It’s time to celebrate everything we stand for,” he wrote, “WINNING!” It’s a move that, at least on paper, seemed to inflate Trump’s personal wealth by billions ahead of ushering in the most crypto-friendly administration in history.

With this launch, Trump joins the ranks of celebrities like Iggy Azalea, Caitlyn Jenner,…

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