Opinion: Trump pushes the new limits of presidential power in America through Meme coin, extending his authority to unimaginable extents

Foreign media AXIOS reported that recently, Trump tested the new limits of presidential power by launching a meme coin "TRUMP", making him a cryptocurrency billionaire two days before his inauguration. Insiders in the cryptocurrency industry are worried that TRUMP and the hastily launched MELANIA meme coins may damage the reputation that this scam-ridden industry has been striving to build for many years.

It's worth noting that Trump was skeptical about cryptocurrencies until he changed his stance during the 2024 election campaign. Most Americans are not aware that there is virtually no limit to how much a U.S. president can profit from new businesses or commercial transactions using their power. Due to Supreme Court regulations, if presidents are accused of overstepping any legal boundaries, they also enjoy immunity for "official acts."

Analysts believe that within just eight hours on Inauguration Day, Trump extended both public and private presidential powers to an extent previously unimaginable. Although presidents have always had the ability to pardon, grant favors or protect friends, family and allies, no one has ever done so as widely, blatantly and quickly as this - with public indifference towards it.