Absolutely preposterous

Trump launched the $TRUMP memecoin shortly before his inauguration, prompting criticism from some crypto supporters, and early actions of the new administration point to what crypto policy may look like over the next four years. Crypto venture capitalist Nic Carter told Politico that "It's absolutely preposterous that he would do this," while Congressman Ro Khanna (D-CA) wrote that elected officials must be barred from having memecoins by law. Senator Elizabeth Warren (D-MA) and Representative Jake Auchincloss (D-MA) wrote a letter to government agencies about conflicts of interest raised by the $TRUMP and $MELANIA tokens. The article also reports that Trump pardoned Ross Ulbricht, founder of Silk Road, on day two of his term, as a thank you to the Libertarian movement.