A disclaimer on the websites for the $Trump and $Melania coins said they were “not intended to be or subject to” an investment opportunity or security.
According to the CoinMarketCap website, $Trump’s total market value is currently around $8.7 billion (£7.1 billion), while Melania’s is worth around $1.3 billion.
Trump previously called crypto a “fraud,” but during the 2024 election campaign, he became the first presidential candidate to accept digital assets as donations.
During the campaign, Trump also said he would create a strategic bitcoin reserve and appoint financial regulators to take a more positive stance toward the digital asset.
This has fueled expectations that it will deregulate the crypto industry.
Following Trump’s victory, bitcoin surged to a record high and is currently trading at $140,000, according to crypto trading platform Coinbase.
On Friday, up-and-coming artificial intelligence (AI) and crypto czar David Sacks held a “Crypto Ball” in Washington, DC.
Other cryptocurrencies, including dogecoin – promoted by prominent Trump supporter Elon Musk – have also rallied strongly this year.
Under President Joe Biden, regulators cited fraud and money laundering concerns while cracking down on crypto companies by suing exchanges.
