Trump Embraces Crypto Regulation
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meme coinsCNBC
•Business
Business & Economics
Trump's crypto-frenzied inauguration weekend makes first family billions of dollars richer
76% Informative
Donald J. Trump is taking advantage of looser regulations in the crypto industry.
The incoming president launched a meme coin named $ Trump and $MELANIA over the weekend .
Both the Trump and Melania coins have dropped significantly from their highs.
Crypto industry leaders and investors emerged as some of Trump 's biggest supporters in the campaign in an effort to influence future policies.
Ripple CEO Stuart Alderoty wants to see a coalition formed to discuss unified policy priorities.
There was a hefty dose of lawmaker support at the party, all from the Republican side of the aisle.
" Two years ago , everyone thought crypto was dead," said one attendee who asked not to be named.
Donald Trump Jr. donned custom MAGA buttons on his shirt as he made his way into the innermost chamber of the VIP section.
Some sponsors paid $1 million for access to the greenroom on the ground floor tucked behind the stage in the main ballroom.
Snoop Dogg , Rick Ross and Soulja Boy kept the larger crowd entertained.
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