berg80
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- Oct 28, 2017
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Trumpās crypto-frenzied inauguration weekend makes first family billions of dollars richer
As the crypto industry celebrates the arrival of a new administration in Washington, D.C., nobody is taking quicker advantage of the coming changes than the person leading the charge: President Donald J. Trump.
On Friday night, crypto A-listers rubbed elbows with political elites and members of Trumpās inner circle at the Crypto Ball, held at the opulent Mellon Auditorium, just down the street from the White House.
Meanwhile, Trumpās net worth was about to explode from an asset that, up to that point, didnāt exist. The same night of the party, the incoming president launched $TRUMP, a meme coin built on the Solana platform. Its market cap over the weekend climbed past $14 billion. Like with other meme coins, thereās no underlying product. Trump told his followers in a social media post, āItās time to celebrate everything we stand for: WINNING!ā
The website for $TRUMP says 80% of the coins are held by the Trump Organization and affiliates.
Getting out from under multiple criminal indictments and enriching himself is what the election was all about for Don. Even the pastor at the inauguration got in on the action.
Pastor who blessed inauguration promotes new meme coin hours later
Lorenzo Sewell, the pastor who delivered a blessing at Trumpās swearing in ceremony, announced a new meme coin named for him just hours after he prayed in the Capitol Rotunda.
With the move, Sewell joined Trump and his wife, Melania, in promoting digital currency coins in recent days, as the nationās eyes have been focused on the festivities in Washington.
It's a national disgrace.