Trump Action Archive

Supporting reports

• Trump launches cryptocurrency — On January 20, 2025, Donald Trump launched his own cryptocurrency, which reportedly made over $50 billion shortly after its introduction. This move raised significant ethical concerns regarding the emoluments clause of the Constitution, as it allows for potential direct financial contributions to the president from individuals seeking favors. The launch was accompanied by a similar initiative from Melania Trump, which also gained substantial value quickly.
• Trump launches cryptocurrency before inauguration — President-Elect Donald Trump launched a new cryptocurrency, a "memecoin," which reportedly made him over $50 billion on paper. This action, occurring just days before his inauguration, raises concerns about the use of political power for personal financial gain and the ethical implications of such actions by a public official.
• Trump promotes cryptocurrency tokens — President Trump promoted cryptocurrency tokens on Truth Social, claiming to make billions from them. This promotion raises ethical concerns about the use of presidential influence for personal financial gain.
• Potential for memecoins to facilitate pseudobribery — The article discusses how memecoins like TRUMP and MELANIA could be used to facilitate pseudobribery, allowing individuals to give money to public figures without direct transfers. By purchasing these coins, individuals can increase their value, indirectly enriching the coin holders. This mechanism could be exploited for corrupt practices, evading campaign finance laws and gift taxes. The potential for such use raises significant concerns about transparency and corruption in political finance.
• Trump launches cryptocurrencies TRUMP and MELANIA — Donald Trump and his wife Melania launched two cryptocurrencies named TRUMP and MELANIA just before his inauguration. Despite initial declines in value, the market capitalizations of these coins remain significant, with TRUMP at approximately $7 billion and MELANIA at $800 million. The launch has sparked controversy within the crypto community, with concerns about the potential impact on the respectability of cryptocurrencies. The coins are seen as speculative assets rather than currencies, with potential implications for financial and political dynamics.
• Crypto exchanges promote $TRUMP coin — Major cryptocurrency exchanges Coinbase, Kraken, and Robinhood have listed and promoted the $TRUMP meme coin, significantly increasing its visibility and demand. These exchanges are under scrutiny by the SEC for regulatory violations, and their promotion of $TRUMP may be motivated by hopes of favorable treatment from the Trump administration. The exchanges' actions highlight the potential for regulatory capture and the transformation of the presidency into a tool for personal enrichment.
• Trump demands lower interest rates — Former President Trump demanded that Federal Reserve Chair Jerome Powell lower interest rates, claiming he understands interest rates better than current decision-makers. Trump argues that lower rates would counteract inflation, despite economic concerns that such a move could worsen inflation if combined with proposed tariffs.
• Trump Organization's new foreign business deals — The Trump Organization announced new foreign business deals, including developments in Saudi Arabia, the United Arab Emirates, and Vietnam. These deals involve branding agreements and partnerships with local developers. The Trump Organization's current ethics statement does not restrict foreign deals, unlike the 2017 statement. This change raises concerns about potential foreign influence and conflicts of interest, as these ventures require government permits and could give foreign governments leverage over the President.