Donald Trump’s launch of his own cryptocurrency, named ‘$Trump’, has sparked significant legal and regulatory concerns. The initiative is generating widespread scrutiny due to potential campaign finance violations. Former National Security Advisor John Bolton previously highlighted Trump’s shift in perspective on cryptocurrencies, particularly his opposition to Bitcoin initiatives. The venture’s tie-up with a UAE-backed investment firm raises eyebrows over financial impropriety, prompting accusations of backdoor bribery by Senator Chris Murphy. These developments mark a notable departure from Trump’s previous stance, raising questions about the coin’s legality and impact on campaign finance regulations.