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Nicholas Pinto is among the losers. A frequent crypto trader who voted for Mr. Trump in 2024, Mr. Pinto said he invested a total of roughly $500,000 in the $TRUMP coin, and has now lost about half that investment.
“He is leveraging the power of being president to launch currencies, when he seems trustworthy in the public’s eye,” Mr. Pinto said in an interview. “It is kind of incredible. It is almost a legal scam.”
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