President-elect Donald Trump launches $Trump cryptocurrency token days before inauguration, causing a surge in the crypto market and raising ethical concerns. The token, sold by CIC Digital LLC, has been criticized for potential exploitation of presidential office while promising deregulation of the crypto industry.

The president-elect and his family have a direct and potentially lucrative stake in the sale of a cryptocurrency product that surged in value in the hours after going on sale, days before his inauguration.

Late Thursday, Bloomberg reported that President-elect Donald Trump will likely issue an executive order announcing crypto as a national imperative or priority with a voice in his administration. Trump could also announce the creation of a crypto advisory that will advocate the digital asset industry's policy goals.

Cryptocurrency industry leaders, which donated heavily into the 2024 elections, have contributed millions to President-elect Donald Trump’s inauguration fund, and threw a star-studded gala to celebrate his second administration.

The crypto world is watching closely, eager to see what executive actions the incoming Trump Administration will take to shape the future of digital assets.

"The Trump meme coin stuff is bad for the industry. Don't delude yourself," Anthony Scaramucci wrote on Saturday.

A leak has revealed the incoming Trump administration could create a wider crypto reserve—prioritizing U.S.-created cryptocurrencies such as XRP and

Analysts believe the crypto market could be positioning itself for a massive altcoin rally after Donald Trump’s inauguration on Monday. In fact, Coinbase analysts noted that the slight drop in Bitcoin’s [BTC] dominance earlier this week drove the latest altcoin pump.

The Donald Trump-affiliated decentralized finance (DeFi) project World Liberty Financial (WLFI) has moved nearly $60 million worth of Ethereum (ETH).

United States president-elect Donald Trump is planning to release an executive order elevating crypto as a policy priority and giving industry insiders a voice within his administration, according to people familiar with the plans.