The creation of the trump coin is a signal to the crypto community that the SEC will stop going after crypto companies. I have read alot of people who ended up going into crypto and some even getting lucrative investment from Andreeson horowitz, lightspeed, etc etc. And then one day, they get a letter in the mail saying they are now a Politically Exposed Entity (PEE). Then all of their banks drop them, they can't get credit and they can't get loans. The SEC put out a letter saying "Come work with us", and when the founders tried, they would become a PEE instantly. There was no recourse with the SEC, and many smart people ended up completely losing their lives. The only way they could get back to 'real' life, was by trying to go into a different industry and 'avoid the eye' which was, who knows?
Now, as the trump + melania coin acting as a grift, instead of "alternative funding mechanism". I mean, you could already 'donate' directly to the president, and even get a tax writeoff for it. Atleast this way you'll have to pay capital gains. You could already pay $1m to get a audience with the president, how is this any different? Hunter Biden made multi-million dollar deals, and got paid 50k a month for a being on various boards... despite being a known drugie.
the "Top 200 holders" get a dinner with the president. Not saying it's better or worse, just saying it's pretty much the same thing that every president has had access to.
It's not that i entirely believe all of this, but i would like to provide some counter weight to all the comments that are all just parroting "Grift".