Trump Is Shilling a Cryptocurrency Token That Is Soaring in Value – and Potentially Boosting His Net Worth – Just Before His Inauguration

It’s the latest norm-defying promotion by Trump, who has also helped sell branded bibles, gold sneakers and diamond-encrusted watches.

Former President Donald Trump is using his final days as a private citizen to cash in on the booming cryptocurrency market.

Trump has touted crypto several times in recent weeks, both in interviews and on his social media platform, Truth Social. He recently shared a post from a user who thanked Trump for “making crypto great again.”

“I love crypto. I think it's great,” Trump told Fox Business last month. “I think it's something that can be very good for our country, very good for the world.”

Trump's promotion of crypto comes as he is preparing to launch his 2024 presidential campaign. He has not yet announced a specific date for his campaign launch, but it is widely expected to occur in the coming weeks.

If Trump were to win the presidency again, his support for crypto could have a significant impact on the industry. Trump has promised to usher in crypto-friendly regulations and picked crypto cheerleaders for key government positions.

However, some ethics experts have raised concerns about Trump's involvement in the crypto industry, given his potential conflicts of interest. Trump's son, Donald Trump Jr., is a major crypto enthusiast and has promoted several projects on his social media accounts.

In addition, Trump's son-in-law, Jared Kushner, is a private equity executive who has invested in several crypto-related companies. Kushner is also expected to play a key role in Trump's 2024 campaign.

Despite these concerns, Trump's support for crypto is likely to be welcomed by the industry, which felt unfairly targeted by the Biden administration.

The Biden administration has proposed several crypto-unfriendly measures, including a tax on unrealized capital gains and a ban on crypto mining. These measures have been met with strong opposition from the crypto community.

If Trump were to win the presidency again, he could provide the crypto industry with a much-needed ally in the White House.