Melania Trump follows her husband's lead and launches her own meme coin. What does this mean? Is this legal? Who knows, but it's happening!
As the saying goes, what's good for the goose is good for the gander. Apparently, in the case of the Trumps, they are laying seemingly golden eggs in the form of crypto meme coins ahead of the couple's official return to the White House on Monday. On Sunday, Melania Trump announced that "Official Melania memes are live!" via her official X account. “You can buy $MELANIA now.” This comes after her husband and president-elect received billions of dollars worth of $TRUMP tokens.
Melania’s Cryptoassets”. Web records show the Melania Meme site was registered on Saturday, just one day before its launch.
It’s unclear how the $MELANIA and $TRUMP tokens will play into current federal agency rules and regulations governing cryptocurrencies (which Trump has promised to change), but the Melania Meme website makes the following disclosure and disclaimer Statement: "Melania Meme is a digital collectible intended to serve as an expression of support for and participation in the values embodied in the MELANIA symbol. As well as related artwork, it is not intended to be an investment opportunity, investment contract or security or investment opportunity of any kind, The subject of an investment contract or security of any kind. memes.melaniatrump.com is not political and is not affiliated with any political movement or any political office or government agency.”
The token can be purchased via debit card or cryptocurrency. As of Sunday evening, the price was trading around $250-$270, equivalent to 1 blockchain platform Solana (SOL). News of Melania's digital collectibles venture comes after Trump became an overnight cryptocurrency billionaire with his "Trump Meme" coin. According to Axios, Trump’s cryptocurrency holdings, known as $TRUMP, have a book value of $58 billion. The president-elect has been courting cryptocurrency companies and pledged to make the United States “the crypto capital of the planet and the world’s Bitcoin superpower.”
Brendan Fischer, Deputy Executive Director of Documented, said of the first Trump meme coin rolling stones"The timing of this launch cannot be a coincidence. It occurred after Trump's campaign ended, just before he officially took office and fully complied with federal ethics rules." He added, "Trump cannot take advantage of his campaign Neither can one seek personal gain nor profit from public office.”