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Trump renews interest in crypto “meme coins”
Manage episode 463990399 series 1318949
President Donald Trump’s return to the White House has been seen by many as a boost for cryptocurrency. During the campaign, he made several crypto-friendly pledges and recently made a splash when he launched his own “meme coin” shortly before the inauguration. The Trump token reached a nearly a $15 billion valuation, though it has since fallen quite a bit. But it continues to provoke questions, like, is it a conflict of interest for a high-ranking official? What the heck is a meme coin anyway?Marketplace’s Meghan McCarty Carino spoke with Axios reporter Brady Dale, author of the Axios Crypto newsletter, to get some answers.
2198 episodes
Manage episode 463990399 series 1318949
President Donald Trump’s return to the White House has been seen by many as a boost for cryptocurrency. During the campaign, he made several crypto-friendly pledges and recently made a splash when he launched his own “meme coin” shortly before the inauguration. The Trump token reached a nearly a $15 billion valuation, though it has since fallen quite a bit. But it continues to provoke questions, like, is it a conflict of interest for a high-ranking official? What the heck is a meme coin anyway?Marketplace’s Meghan McCarty Carino spoke with Axios reporter Brady Dale, author of the Axios Crypto newsletter, to get some answers.
2198 episodes
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