Official Trump Coin (TRUMP) and Official Melania Coin (MELANIA) rocked the crypto market before the presidential inauguration. Is TRUMP an SEC target?<\/p>\n
The crypto market is eventful and fast-paced, and this has been especially true since Donald Trump won the presidential election in November. <\/span><\/p>\n Bitcoin, Solana, and meme coins soared to record highs, with the world\u2019s most valuable crypto making headlines after breaking $100,000 for\u00a0the first time.\u00a0<\/span><\/p>\n The next 4 years of US politics is going to be the biggest clown show ever.<\/p>\n Crime is legal now. https:\/\/t.co\/0mR4848eTA<\/a> pic.twitter.com\/xf9YlVKbqe<\/a><\/p>\n \u2014 VikingXBT (@VikingXBT) January 20, 2025<\/a><\/p>\n\n Fast-forward two months, and the president-elect did something no one expected. On Friday, January 18, his team launched TRUMP, the \u201cOfficial Donald Trump\u201d meme coin. <\/span><\/p>\n Although the token debuted after market hours, it exploded over the weekend, with prices surging above $50 and reaching as high as $74 on some exchanges.<\/span><\/p>\n At its peak, TRUMP\u00a0had a market cap of\u00a0over $14 billion and became<\/span>\u00a0one of the most valuable meme coins.<\/span><\/p>\n\n (Source<\/a>)<\/p>\n Although prices later dipped earlier today\u2014coinciding with the launch of the MELANIA<\/a> meme coin by the incoming First Lady\u2014the TRUMP token remains bullish.<\/span><\/p>\n The Official Melania Meme is live!<\/p>\n You can buy $MELANIA now.\u00a0\u00a0https:\/\/t.co\/8FXvlMBhVf<\/a><\/p>\n FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com\/t2vYiahRn6<\/a><\/p>\n \u2014 MELANIA TRUMP (@MELANIATRUMP) January 19, 2025<\/a><\/p>\n\n As Trump prepares to take office today, January 20, as the 47th President of the United States, it\u2019s clear why his meme coin could see continued momentum in Q1 2025. <\/span><\/p>\n While the crypto market is excited, Why did Trump launch the token on Friday, January 18, less than 72 hours before his inauguration?<\/span><\/p>\n Analysts have proposed several reasons for this strategic timing. <\/span>While critics suggest Trump is motivated by personal enrichment, others point<\/a> to legal constraints.<\/span><\/p>\n At the top of the list is the Emoluments Clause, which prohibits a sitting president from receiving profits or benefits from foreign governments. <\/span><\/p>\n This law also bars the president from using the office for personal gain without Congressional approval.<\/span><\/p>\n In light of this, the Emoluments Clause is evidently designed to prevent conflicts of interest and legal challenges arising from such situations.<\/span><\/p>\n\n The Trumps strategically avoided accusations of profiting from the presidency by launching TRUMP and MELANIA in quick succession before taking office. <\/span><\/p>\n Both coins have already spiked by over 10x, and the issuing addresses\u2014likely directly controlled by Trump\u2019s team\u2014still retain a big chunk of the total supply.<\/span><\/p>\n Had these tokens been issued after January 20, Trump and the First Lady would likely have violated the Emoluments Clause, giving Democrats grounds to initiate impeachment proceedings.<\/span><\/p>\n Even as the TRUMP and MELANIA meme coins register early success,\u00a0the United States Securities and Exchange Commission (SEC<\/a>) is closely monitoring them<\/span>.<\/span><\/p>\n It remains uncertain whether these tokens will be classified as securities or utility tokens, similar to Bitcoin.<\/span><\/p>\n Analysts are now watching to see if TRUMP will resume its uptrend, potentially breaking the all-time highs reached over the weekend.<\/span><\/p>\n EXPLORE:\u00a0SOL Price Smacks New Weekly High As New Solana Layer 2 Cracks $11M Funding<\/a><\/strong><\/p>\n Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/p>\n The post Here\u2019s Why Donald Trump Had to Launch His Meme Coin Before Taking Office<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Official Trump Coin (TRUMP) and Official Melania Coin (MELANIA) rocked the crypto market before the presidential inauguration. Is TRUMP an SEC target? The crypto market is eventful and fast-paced, and this has been especially true since Donald Trump won the presidential election in November. Bitcoin, Solana, and meme coins soared to record highs, with the […]<\/p>\n","protected":false},"author":0,"featured_media":37413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-37412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/37412"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37412"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/37412\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/37413"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Trump Meme Coins Dawn Era Of Mainstream Crypto<\/span><\/strong><\/h2>\n
Why the TRUMP and MELANIA Tokens Had to Launch<\/span><\/strong><\/h2>\n
What\u2019s Next For Official Trump Coin and Official Melania Coin?<\/span><\/strong><\/h2>\n