Digital currencies values surges amid expectation that new administration will support ‘crypto-friendly’ environment

President Trump and first lady Melania Trump’s new cryptocurrencies have dropped in value after prices surged on Inauguration Day. Named $TRUMP and $MELANIA, the projects are meme coins, a type of

President Donald Trump’s goodwill in the cryptocurrency industry has taken a hit after he and his wife launched meme coins — a move critics say looks like an unseemly cash grab that undermines an effort to legitimize digital assets.