A disclaimer on the $Trump and $Melania coin websites said they were “not intended for investment or the object” of an investment opportunity or security.
According to website CoinMarketCap, Trump’s total market valuation is currently around $8.7 billion (£7.1 billion), while Melania’s net worth is around $1.3 billion.
Trump has previously called crypto a “fraud,” but during the 2024 election campaign, he became the first presidential candidate to accept digital assets as donations.
On the campaign trail, Trump also said he would create a strategic bitcoin reserve and appoint financial regulators to take a more positive stance toward the digital asset.
This has fueled expectations that he will deregulate the crypto industry.
After Trump’s victory, Bitcoin jumped to a record high and is currently trading at $140,000, according to crypto trading platform Coinbase.
On Friday, the new artificial intelligence (AI) and crypto czar David Sacks hosted the “Cryptoball” in Washington, DC.
Other cryptocurrencies, including Dogecoin, which is promoted by prominent Trump supporter Elon Musk, have also risen sharply this year.
Under President Joe Biden, regulators cited fraud and money laundering concerns when they cracked down on crypto companies by suing exchanges.
