Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Trump's New Crypto Coin Raises Ethics Concerns
The Straits Times
|January 22, 2025
US President Donald Trump's launch of a crypto token shortly before his inauguration on Jan 20 creates new conflict-of-interest concerns, ethics experts and industry insiders said.
WASHINGTON -
Mr. Trump has pledged to hand the management of his assets to his children, but the crypto asset is raising particular concerns due to its ability to quickly attract billions of speculative dollars with little transparency.
The companies behind the "meme coins" $Trump and $Melania, for First Lady Melania Trump, said they are not investments or securities but are an "expression of support." The tokens follow Trump-branded non-fungible tokens, sneakers and a Bible, among other items he has launched.
Ethics advisers and industry experts say this investment is different because his administration will regulate an industry in which he has a stake through the new token and one where any value is arguably tied to his presidency.
This story is from the January 22, 2025 edition of The Straits Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Straits Times
The Straits Times
AI use could make us ‘subcognitive’
AI threatens students’ most basic skills. If they lose their ability to understand what they read, will they lose their ability to think?
4 mins
October 31, 2025
The Straits Times
Clean tech can scale up with state support, blended finance: Panel
Such technologies are on the rise across Asean as countries seek to reduce emissions
4 mins
October 31, 2025
The Straits Times
Nearly 700 more children fall ill in Indonesia after eating free school meals
The Indonesian authorities are investigating food poisoning cases involving nearly 700 children in Yogyakarta province this week, after students ate meals prepared under President Prabowo Subianto’s key free school meal programme, an official said.
1 mins
October 31, 2025
The Straits Times
Lim Boon Heng takes 'ultimate responsibility' on failed Allianz-Income union
He and NTUC Enterprise board admit that the offer could have been managed better
3 mins
October 31, 2025
The Straits Times
VACHEROT MASTERS TOUGH MOMENTS
2025’s surprise package happy with how he handled pressure points in win over Norrie
2 mins
October 31, 2025
The Straits Times
TNP merges with Stomp
Refreshed website aims to better resonate with younger audience, attract new readers
3 mins
October 31, 2025
The Straits Times
Malaysia considers live monitoring of school CCTV footage by police
Malaysia's Home Ministry is considering a proposal to link school CCTV systems to the police to enable real-time monitoring and enhance security.
1 mins
October 31, 2025
The Straits Times
Trump asks Pentagon to immediately resume testing nuclear weapons
He says it is necessary to keep up with rivals; Russia and China criticise move
2 mins
October 31, 2025
The Straits Times
Over 350,000 have registered for QR code system at JB checkpoints
More than 350,000 people have registered for the National Integrated Immigration System (NIISe) to use QR code lanes at the Johor-Singapore border.
1 mins
October 31, 2025
The Straits Times
Don't forget human touch as SG60 exhibitions go digital
I recently attended the SG60 exhibition at the Orchard Library. While I appreciate the initiative to celebrate Singapore's 60 years of progress, I would like to share some sincere feedback and suggestions for improvement.
1 mins
October 31, 2025
Listen
Translate
Change font size