Opinion: Trump tests new limits of presidential power with Memecoin

Odaily News In just eight hours on Inauguration Day, Trump and Biden expanded the president's enormous public and private power to a once unimaginable extent. Although the president can always pardon, make concessions or protect friends, family and allies, no one has ever done it so widely, so blatantly, and so quickly, and the public does not take it seriously. (The two pardoned a series of controversial figures before leaving office and taking office) "AXIOS" said that Trump recently tested the new limits of presidential power by launching a meme coin "TRUMP", which made him a cryptocurrency billionaire two days before the inauguration. Cryptocurrency industry insiders are worried that TRUMP and the hastily launched MELANIA meme coin may undermine the credibility that this industry, which has been plagued by scams, has worked hard to build for many years. It is worth noting that Trump was once skeptical of cryptocurrencies until he changed during the 2024 campaign. Most Americans do not realize that there is basically no limit on the president's ability to profit from his power through new businesses or business transactions. Due to the Supreme Court's regulations, if the president is accused of exceeding any legal boundaries, they also enjoy immunity from "official behavior." Trump and his family can therefore make billions of dollars from global deals, new businesses and new currencies to finance their family and even their political campaigns for a generation. The only limit is their imagination. (Axios)