Ivanka Trump warns against ‘fake’ $IVANKA crypto coin

Ivanka Trump is warning investors of a fake “$IVANKA” cryptocurrency scam, days aft her dada and stepmom launched their ain tokens.

“To beryllium clear: I person nary engagement with this coin,” she wrote connected societal media Thursday.  “This fake coin risks deceiving consumers and defrauding them of their hard-earned money, and the unauthorized usage of my sanction and likeness is simply a usurpation of my rights.”

She said the cryptocurrency bearing her sanction amounts to a “deceptive, exploitative, and unacceptable” promotion that volition beryllium dealt with by her ineligible team.

President Donald Trump and First Lady Melania Trump launched their ain crypto coins in their last play arsenic civilians. Both cryptocurrencies got disconnected to a blistery start, but their value has been volatile, according to ABC News, which said $TRUMP and $MELANIA saw steep declines aft Monday’s Inauguration Day.

President Trump had been a cryptocurrency skeptic, but his presumption appears to person changed since helium became involved with billionaire tech investors who’ve donated ample chunks of wealth to his governmental ambitions.

Trump mega-donor Elon Musk has notably been intimately connected to the cryptocurrency market.

But backmost successful 2019, Trump said helium wasn’t sold connected integer currency.

“I americium not a instrumentality of Bitcoin and different cryptocurrencies, which are not money, and whose worth is highly volatile and based connected bladed air,” helium posted connected societal media. “Unregulated Crypto Assets tin facilitate unlawful behavior, including cause commercialized and different amerciable activity.”

But portion moving for president successful July, helium told supporters astatine a bitcoin league successful Tennessee that nether the close leadership, the U.S. could beryllium a satellite leader successful cryptocurrency.

“We volition person regulations, but from present connected the rules volition beryllium written by radical who emotion your industry, not hatred your industry,” Trump vowed.

With News Wire Services