Elon Musk-led ‘DOGE’ set to be sued after Trump’s inauguration
The 30-page legal complaint alleges that Musk’s DOGE has violated the Federal Advisory Committee Act (FACA) 1972.
The 30-page legal complaint alleges that Musk’s DOGE has violated the Federal Advisory Committee Act (FACA) 1972.
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The Trump family’s tokens may set a precedent for memecoin investing and attract more retail interest in cryptocurrencies other than Bitcoin and Ether.
One crypto community member speculated that the Trump family may be “planning ahead,” while another said the move solves the Trump family’s “memecoin puzzle.”
Despite mainstream appeal, the distribution of the Trump memecoins was flashing red flags for investors looking for long-term opportunities.
Bitcoin takes its cues from US President-elect Donald Trump’s inauguration, with new BTC price all-time highs joining a crypto volatility frenzy.
The Donald and Melania Trump-backed memecoins that launched over the weekend have amassed a combined value of over $15 billion.
More than 400,000 traders were liquidated over the past 24 hours as Bitcoin plunged back below $100,000.
Melania Trump launched a memecoin after her husband’s TRUMP token hit a $15 billion peak valuation before falling nearly 40%.
Many crypto influencers and financial analysts have characterized the TRUMP memecoin launch as a new era for capital formation.