Opinion: Trump tests new limits of presidential power with Memecoin

Odaily Odaily News reports that in recent times, Trump has tested the new limits of presidential power by launching a meme coin "TRUMP", which has propelled him to become a cryptocurrency billionaire just two days before his inauguration. Cryptocurrency industry insiders are concerned that TRUMP and the hastily launched MELANIA meme coins may undermine the credibility that the industry has worked hard to build over the years, which has been plagued by scams. It is noteworthy that Trump had previously been skeptical of cryptocurrencies, until a turnaround during the 2024 election campaign. Most Americans are unaware that the US president has virtually no limits on using his power to profit from new ventures or business dealings. Due to Supreme Court rulings, if the president is accused of exceeding any legal boundaries, they still enjoy immunity for "official acts". The analysis suggests that in just eight hours on Inauguration Day, Trump expanded the president's vast public and private powers to a previously unimaginable degree, although presidents have always been able to pardon, give concessions or protect friends, family and allies, but no one has done so as extensively, blatantly and quickly, and the public has not been bothered by it. (Axios)