💨 Abstract

Crypto project World Liberty Financial raised $300 million in token sales, connected to President Donald Trump. A new Trump-branded memecoin, $TRUMP, surged to over $10 billion in market value as he took office for his second term. The coin was launched at the Crypto Ball in Washington, D.C., raising ethical and regulatory concerns. Four-fifths of the tokens are owned by Trump's business affiliate and another entity.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖