When he launched his own cryptocurrency, Trump produced unimaginable wealth from thin air. But it will come at a

[sop]

6. 'Thoughts on $TRUMP from a cryptolawyer'

I will openly admit that no one I have ever spoken to...and I mean no one...can explain "cryptocurrency" in a way that makes any sense to me. Some thoughts about Trump's latest scam from a cryptolawyer:

"I would put the probability of a civil lawsuit of some kind within the next 60 days at 100%, within the next 14 days at 90%. I am absolutely certain this will happen. Someone will lose money, some lawyer will come up with a theory and file."

"One thing that my cryptolawyer colleagues seem to agree on is that the $TRUMP project is one of the most significant things to happen to the industry, period. The President of the United States just YOLOd (see definition below) a memecoin on the eve of his inauguration. This was hitherto completely unthinkable. Trump Coin will now be tracked on CNBC financial shows, in newspapers, the price will be a reflection of the underlying tone of American society and the American project. Everyone will have a point of view trying to read the tea leaves and understand the significance of daily price movements as an expression of the Zeitgeist."

"Trump himself will also have to contend with the fact that his political fortunes will be tied to an asset that the market, and not the man, controls. If $TRUMP crashes it might affect his own political clout in DC. Just imagine Democrats making presentations featuring blood-red crypto market charts in floor speeches in Congress. This has simply never happened before."

https://prestonbyrne.com/2025/01/19/thoughts-on-trump/

*("YOLO" is an acronym for "you only live once". It's a slang term that's often used on social media to encourage people to live life to the fullest and do things they enjoy, even if they're risky or silly.)