Days before he opened for a second term, President Trump Mimi launched It is waving the words “fighting, fighting, fighting”. But most of those who invested in this may be surrendered.
Of the 2 million accounts bought the $ TROMP currency, it has lost 764,000 money on it, according to the data that the Blockchain chainalysis company Common with CNBC. The media reported that most of them have invested in smaller quantities of the distinctive symbol.
It achieved 52 accounts-known as the “Governor” of encryption-more than 10 million dollars each, with a total of about $ 1.1 billion of profits, per CNBC.
Metal currencies, based on internet jokes or fast -moving cultural trends, are a very volatile form of cryptocurrencies. Trump’s symbol received billions of dollars overnight – at least on paper – after he announced this. The value decreased after Melania Trump She launched its MG currency After a few days.
on monday, Trump promoted his currency On social media and the related competition that allows it. People with the biggest balance can attend a “intimate private dinner” with Trump at the Golf Club outside Washington, DC, on May 22 and tour the White House, according to the White House. The currency site. The news pushed the currency to an increase of 50 % and strengthened its total market value to $ 2.7 billion, NBC News said. Trump and its subsidiaries control most of the distinctive symbol supplies, according to the site.
About 54,000 wallets have bought the coin since the start of the promotion, according to CNBC. Bloomberg stated that more than half of senior holders use foreign exchanges, indicating that they are based outside the United States
CNBC reports that the Senate Permanent Sub -Committee on Investigations is investigating the distinguished symbol ownership and revenue form – as well as World Liberty Financial, a commercial encryption company of – to determine whether it is a direct conflict.
Trump, who said in 2019 he was “was”Not a fan“From encryption, reduced conflicts on Sunday during an interview with” Meet the Press. “I didn’t even look, Trump said when asked if he benefits from his symbol,” if I had something, and I do a good job, the market is rising, and I think I am dealing with that, “he added.
As a president, Trump oversees the federal encoding government organization, which has become more friendly since the Biden Administration campaign.
Federal agencies in charge of investigation of encryption companies and entry into force, issues against higher encryption companies including Coinbase, Ripple and others It was dropped.
Trump released Executive order And created a work squad to increase industry, was appointed CheckPer lawyer As head of the organizational agency, which supervises the encryption and suggested.Strategic coding reserves“In order for the government to buy and keep digital symbols.
In addition, Trump Media and Technology The Trump administration needs to move forward in its plan to submit the Bitcoin exchange money as part of the truth. Fi, New Financial Services Company.
While Examination bill Trump wants to sign a barrier in the Senate. Democrats were after that The New York Times achieved World Liberty Financial and $ 2 billion dealing with a government -backed foreign fund.
The work, which Trump and his three sons launched last year, began to introduce Stablecoins that could generate tens of millions of dollars annually from revenue for them and their commercial partners, according to the Times reports. One of their partners is Steve Whitchov, Trump’s friend for a long time and a special Middle East envoy.
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