According to Zhitong Finance APP, ethicists and industry insiders have stated that USA President Donald Trump introduced a type of crypto token shortly before his inauguration on Monday, raising new concerns about conflicts of interest. Trump promised to hand over the management of his assets to his children, but the ability of crypto assets to quickly attract billions of dollars in speculative funding, along with the lack of transparency, has raised particular concerns.

"Meme coin" "$TRUMP" and "$MELANIA" (the name of First Lady Melania Trump) are backed by companies stating that these tokens are not investments or securities, but rather an expression of support. Before these tokens, Trump's brand had also pushed products such as non-fungible tokens, sneakers, and a Bible to the market.

Ethical advisors and industry experts indicate that this investment is different because the Trump administration will regulate an industry in which he holds a stake through new tokens, and the value of these tokens can be said to be closely linked to his presidential position.

The companies behind the Trump tokens, CIC Digital LLC and Fight Fight Fight LLC, subsidiaries of the Trump Group, own 80% of the tokens, meaning that the businesses related to Trump may have gained $8 billion in cryptocurrency over the weekend.

Danielle Brian, head of the oversight organization Project On Government Oversight, stated that given the poor regulation of the industry, Trump's move into the crypto space is concerning. In addition to representing an open economic conflict of interest as president, this deepens his engagement with a world that raises real National Security concerns.

Trump's office did not respond to requests for comments.

Famous crypto investor Nick Carter stated on Social Media that the creation of personal memecoins "opened the door to secret foreign buyers trying to influence our leaders."

Some Democratic lawmakers in the USA have also expressed concerns about National Security issues and conflicts of interest. Maxine Waters, the chief Democrat on the House Financial Services Committee, wrote: "Anyone in the Global arena, even individuals sanctioned by the USA or banned from our Capital Markets, can now Trade Trump tokens and profit from various unregulated platforms."

Memecoins typically refer to small, highly volatile Cryptos, often named after internet jokes or trends. Although supporters hope these tokens will rise in value with the spread of memes, most tokens have little to no value.

Both websites for Trump tokens avoid using the term Cryptos, instead marketing them as "alternative encrypted Assets" and promoting them as memes.

Carol Alexander, a finance professor at the University of Sussex, stated that the tokens for Trump and Melania resemble fan tokens that gained popularity in 2021 and may serve as a barometer for the couple's support.

On Monday, due to investor expectations for Trump's crypto-friendly policies, the crypto market became active, with Bitcoin hitting an all-time high. Some believe that Trump tokens changed the game.

Paul Howard, a senior executive at crypto market maker Wincent, said: "The president's actions provide a certain legitimacy to this field, and I think it means the Industry is moving forward in ways it has not in the past decade."