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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.
यह कहानी The Straits Times के January 22, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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