Once a crypto critic, Donald Trump has embraced the industry in every sense of the word. Today, Trump has taken to X to announce the official launch of Trumps’ Coins. In his official statement, he says the coins are “The ONLY OFFICIAL coin designed by me—and proudly minted here in the U.S.A.”
The official announcement states, “The President Donald J. Trump First Edition Silver Medallion will be available starting Wednesday, 9/25/24, EXCLUSIVELY[…].” The Republican presidential nominee has urged users to “Sign up today!”
According to him, the coins are a true symbol of American greatness. They have been designed to commemorate his political movement and his intention to put America first.
The coins are designed to be a sign of American patriotism. The $100 silver coins bear a picture of Donald Trump’s face. The 99.9 percent silver coins are emblazoned with an image of Trump on the front—however, he appears younger and with longer hair.
The back side features an engraving of the White House, where Trump plans to set up camp in January.
In addition, the famous American motto “In God We Trust” is displayed all around the magnificent building. The coins have his signature to guarantee their authenticity. In the video announcement, DJT says that there are many coins out there using “his beautiful face,” but he has no association with the currencies.
The endeavor comes after the former White House chief pocketed $300,000 by selling personalized bibles in collaboration with country music singer Lee Greenwood.
Trump goes all in ahead of the November elections
DJT told his supporters that the coins commemorate his “fight for freedom” while campaigning for the presidency this November.
The former president also owns between $1 and $5 million in crypto, which he once referred to as a “scam.”
Meanwhile, he owes more than $100 million in liabilities from three cases he lost, including one against writer E Jean Carroll, who claims he sexually abused her.
Also, the Republican presidential nominee launched his family’s crypto venture, World Liberty Financial, with an interview on the X social media platform.
Trump did not discuss specifics about World Liberty Financial on Monday or how it would work. He pivoted from questions about crypto to talking about artificial intelligence or other topics.
World Liberty Financial is expected to be a borrowing and lending service for trading cryptocurrencies. His eldest son, Don Jr., talked about embracing crypto as an alternative to what they allege is a banking system tilted against conservatives.
Earlier, during his tenure as President, DJT said he was “not a fan” of crypto and tweeted in 2019, “Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.”
Now that he has fully embraced crypto, industry heads like Cardano’s Charles Hoskinson worry that his love for Bitcoin will endanger the industry.
