Trump Meme Coin Was ‘A Gut Punch’, BitMex Research Says

BitMEX Research has criticized Donald Trump‘s meme coin launch as a stark example of political corruption enabled by blockchain technology, arguing it reflects decades of eroded trust in U.S. leadership.

What Happened: In a blog post published on Monday, the research arm of the cryptocurrency exchange dissected how Trump, as President, leveraged his position to profit from Official Trump (CRYPTO: TRUMP), a speculative digital asset, raising questions about legality and political accountability.

The report draws on commentator Demetri Kofinas‘ view that Trump’s actions undermine the presidency’s integrity.

“You’re President of …

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