United StatesMELANIA35347-USD.CC▼
Trump's second son denies report of new coin issuance as 'complete nonsense'
Eric Trump, the second son of U.S. President Donald Trump, denied on August 23 reports that President Trump would issue a new meme coin. The rumor began with a post on X by Whale Scan, an account that shares crypto-related information. Eric Trump responded, 'What kind of joke is this? It's complete nonsense,' and said, 'No one is trying to issue any coin.' Trump released the official meme coin TRUMP in January 2025, followed by Melania Trump's MELANIA, and the family is also involved in the crypto venture World Liberty Financial. The Clarity Act under consideration in the Senate would prohibit public officials such as the president and their spouses from issuing or endorsing crypto assets in exchange for compensation, but Trump's children are excluded, drawing criticism from Democrats that the regulation is insufficient.
TRUMP · Regulation · Negative Eric Trump denies new coin issuance, and Senate bill targets president's coin issuance; regulatory scrutiny and denial may dampen sentiment.
MELANIA · Regulation · Negative Senate bill would prohibit Melania from issuing/endorsing crypto assets, but she is excluded, drawing criticism; news of no new coin issuance may reduce hype.