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Author: Admin | 2025-04-27
Regulators. Well, what’s the opposite of that? We’re going to launch a memecoin, and we’re going to implicitly say this has zero value,” Nahas said. “It was a way for communities to form, for value to form, by evading non-existing regulation and being on the wrong side of the rule.”Related ReadingList of Cryptocurrencies You Need to Know Who Created the Trump Memecoin?The Trump memecoin was created by CIC Digital LLC, which is owned by the Donald J. Trump Revocable Trust, and Fight Fight Fight LLC, which is co-owned by CIC Digital and Celebration Cards LLC. CIC Digital also facilitated the Trump NFT collection by licensing Trump’s likeness, name and image to NFT INT, LLC. In a 2023 financial disclosure, Trump reported making hundreds of millions of dollars through CIC Digital’s NFTs. He also reported that he is the manager, president, treasurer and secretary of the company. CIC Digital and Fight Fight Fight, LLC own 80 percent of $TRUMP, so they stand to make a hefty profit if the memecoin performs well. The two entities have agreed to a three-year unlocking schedule that prevents them from selling all of the assets at once.The $MELANIA memecoin appears to have different owners. The intellectual property for the $MELANIA website is owned by MKT world, an LLC the former model established in 2021. The team owns 35 percent of the assets, which can be released over the course of a 13-month vesting schedule.The Trump Organization is also affiliated with World Liberty Financial, which launched crypto tokens “inspired by” Trump during his 2024 presidential campaign. According to the WLF website, Trump and his family own DT DEFI Marks, which owns 60 percent of the equity interests in WLF, 90 percent of the circulating tokens and fees equal to 75 percent of WLF’s token sale proceeds.Related ReadingWhat Is a Rug Pull, Exactly? How Is the Crypto Industry Responding to the Trump Memecoin?While $TRUMP introduced new users to the crypto space, some in the industry are worried that a memecoin may not be the best first impression. Because memecoins derive their value from hype and are prone to pump-and-dump schemes, some crypto advocates worry $TRUMP will taint the reputation of a crypto industry that has just started to make in-roads in traditional finance circles. And they are concerned that his new financial interest in the crypto space will be seen as a conflict of interest as he
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