Investors lost billions on Trump’s memecoin. Another gala won’t fix that.

Here's something that might blow your mind — investors lost billions on Trump’s memecoin, and yet another gala isn’t going to fix that. Ashley Belanger from TechCrunch highlights that Trump launched his own cryptocurrency before his inauguration, making history as the first president to do so. But here’s the twist — while his family has pulled in over $280 million from it, the coin’s value has plummeted. Now, there’s talk that if Democrats take back Congress this fall, they’ll push through laws to ban Trump and his family from profiting off such shady tokens. And get this — many investors are left holding worthless coins, which makes the whole thing look like a reckless gamble. According to Belanger, the big question now is whether more fancy events or fundraising efforts can hide the fact that billions are gone for good. So, the next move might be legislation, not another fancy gala. And if this pattern holds, future winners will be those who see crypto risks early and steer clear.