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Republican and Democratic lawmakers aren’t exactly jazzed about the meme coin project launched by Trump just hours before his inauguration.

Congress doesn’t love Trump’s meme coin

Republican and Democratic lawmakers aren’t exactly jazzed about the meme coin project launched by President Donald Trump just hours before his inauguration this week.

We’ve been running traps to talk to lawmakers about $TRUMP, a meme coin tied to an affiliate of the Trump Organization. The on-paper value of that project is currently worth some tens of billions, with caveats. But with the president promising to enshrine crypto in the regulated financial system, the optics are bad for everyone involved.

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Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Punchbowl News Presents

We’re launching a weekly show on YouTube on September 4! Fly Out Day will include authentic conversations with the people shaping today’s biggest political stories, straight from our townhouse. Subscribe to our YouTube channel for early access.