Bitcoin Retreats As Traders Await Trump Crypto Executive Order
An 80% share of the Trump token is owned by a Trump Organization affiliate called CIC Digital LLC, and a related entity called Fight Fight Fight LLC — whose name echoes the words Trump mouthed after a bullet grazed his ear during the campaign trail. Their holdings will be unlocked over a three-year period.
To Gautam Chhugani of Bernstein, a meme coin “capitalizing on Trump’s brand and politics, has potential longevity.” And while some may “cringe,” he adds that this marks the start of a “new crypto regulatory era.”
According to the website, 200 million of the tokens immediately became available, a supply that will grow to 1 billion over three years.
The small print on the website states the token isn’t intended to be an…
