Bloomberg investigative reporter Zeke Faux says the Trump family crypto business offers anyone seeking favor with the new administration a legal way to send money directly to the president.

The president's meme-coin launch is being criticised as a stunt, while impatience grows for deregulation.

But $TRUMP “is part of the memecoin moment,” Wood said of Trump’s new cryptocurrency. It “isn't going to have any utility.” Wood also said some people who buy the Trump ...