U.S. President Donald Trump’s pro-cryptocurrency stance, including initiatives like the launch of a personal meme coin named $Trump, has raised concerns among ethics watchdogs and former prosecutors. Critics argue that his involvement in the crypto industry could lead to conflicts of interest, potential corruption, and increased investor risks. Despite previously labeling Bitcoin a “scam,” Trump’s recent ventures and appointments of crypto-friendly officials suggest a move towards reduced regulations, prompting fears of potential economic risks and ethical implications.