Politics - CBSNews.com
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President-elect Donald Trump launched his own cryptocurrency on Friday, sparking a feverish buying that apparently sent its market capitalization soaring to several billion dollars.
In a message posted on his Truth Social platform and X, Trump unveiled the so-called meme coin, which is designed to capitalize on the popularity of a certain personality, movement or viral internet trend.
"My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING!" he wrote.
Meme coins have no economic or transactional value and are...
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