In response, Donald Trump showed an apparent lack of knowledge or interest in the details of his own Official Trump cryptocurrency project (TRUMP) when asked about it today, at his first press conference after taking office as the 47th president of the United States. USA. At that time, the ruler was questioned about whether he intended to continue selling products that could benefit him personally during his term. The question was a direct reference to your previous and current business activities, including the promotion of various products under your brand, since, hours before taking office as president, Trump launched his own memecoin with which he broke the market, as reported by BitcoinDynamic. «Well, I don't know if he benefited. I don't know where it is. I don't know much about it other than I started it. I heard it was very successful. I haven't checked it. “Where is he today?” he said in front of a group of journalists. The exchange continued with a reporter directly stating, «You made a lot of money, sir,» to which Trump offered no additional specific response about his intention to continue these business activities.
REPORTER: Do you intend to continue to sell products that benefit yourself personally while you're president? TRUMP: Well I don't know if it benefited. I don't know where it is. I don't know much about it other than I launched it. I heard it was very successful. I haven't… pic.twitter.com/YQ4rvhFNMs— Aaron Rupar (@atrupar) January 21, 2025
The project carries 8 billion dollars in market capitalization. After rising to a high of $48, the cryptocurrency fell 16% immediately following his comments. Since then, it has recovered and at the time of writing is at 42.12, according to data from CoinGecko. However, when reporters informed Trump about the token's multi-billion dollar valuation, Trump described it as «a misery» compared to the investments of 500 billion dollars for technological development, which he presented at that time, together with executives from SoftBank, OpenAI and Oracle. In any case, in addition to Trump's memecoin, his wife, now first lady Melania, also launched her cryptocurrency just before her arrival at the White House. The Solana-based token currently has a market capitalization exceeding $600 million and a price per asset of $4.09 with an increase of 18% in the last 24 hours. These actions have raised numerous questions about the potential conflicts of interest and the use of the power of rulers for personal benefit. So far, there has been no clear indication that Trump plans to separate his business interests from his responsibilities as president, which remains a matter of concern for many political observers and citizens who warn of the need for greater transparency and ethics in government. Trump's comments also reflect an apparent disconnection or disinterest in the details of his businesses as he takes on one of the most influential roles in the world, leaving many wondering: What will the regulation of cryptocurrencies be like in the coming years of your presidency?