Donald Trump and his wife Melania’s new memecoins ignited criticism from crypto executives who were expecting the digital-asset sector to be treated seriously by the Republican’s incoming US administration.

Memecoins have long traded in crypto markets, with Dogecoin perhaps the best-known example. Launched as a joke, the crypto has exploded in popularity over the years, with its price often riding on the whims of its backers — the best known of which is Elon Musk.

Donald Trump and Melania’s meme coin launches ignited chaos in the crypto market. Top critics recall ex-SEC chair Gary Gensler’s warnings.

A digital token debuted by President-elect Donald Trump has rattled the cryptocurrency market, attracting billions of dollars of trading volume while stoking concerns about conflicts of interest.

Trump announced the launch of his meme coin, $TRUMP, in a Truth Social post late Friday, saying the cryptocurrency is celebrating “WINNING” the presidential election and his upcoming inauguration. The price of $TRUMP rapidly rose by more than 300% by Saturday morning,

Donald Trump launched his official memecoin on Jan. 18. The memecoin is one of the top 20 largest cryptocurrencies. How long can TRUMP maintain its