Melania Trump launched a cryptocurrency ahead of the inauguration

Disclaimers on the websites of both $Trump and $Melania coins said they were “not intended to be or subject to” an investment opportunity or securities.

According to website CoinMarketCap, Trump currently has a total market value of around $8.7 billion (£7.1 billion), while Melania is worth around $1.3 billion.

Trump has previously called cryptocurrency a “fraud,” but became the first presidential candidate to accept digital assets as donations during the 2024 election campaign.

During the campaign, Trump also said he would create a strategic bitcoin reserve and appoint financial regulators that take a more positive stance toward the digital asset.

This has raised expectations that he will deregulate the crypto industry.

According to cryptocurrency trading platform Coinbase, bitcoin has hit a record high since Trump’s victory and is currently trading at $140,000.

Coming Friday, artificial intelligence (AI) and crypto czar David Sacks held a “Crypto Ball” in Washington.

Other cryptocurrencies, including dogecoin, promoted by high-profile Trump supporter Elon Musk, have also risen sharply this year.

Under President Joe Biden, regulators cited fraud and money laundering concerns as they sued exchanges and seized crypto companies.