The president-elect and his family have a direct and potentially lucrative stake in the sale of a cryptocurrency product that surged in value in the hours after going on sale, days before his inauguration.

The token TRUMP saw bigger gains in four hours than the S&P 500 has in three decades. Donald Trump didn’t want to wait until his Jan. 20 inauguration to deliver on his promise to be the first crypto president.

Late Thursday, Bloomberg reported that President-elect Donald Trump will likely issue an executive order announcing crypto as a national imperative or priority with a voice in his administration. Trump could also announce the creation of a crypto advisory that will advocate the digital asset industry's policy goals.

CNBC's MacKenzie Sigalos reports on Donald Trump's promises to make crypto a national priority in his administration.

President-elect Donald Trump is planning to use his executive powers to reduce the regulatory burden faced by cryptocurrency companies and promote digital asset adoption in his first few days in office,

Cryptocurrency industry leaders, which donated heavily into the 2024 elections, have contributed millions to President-elect Donald Trump’s inauguration fund, and threw a star-studded gala to celebrate his second administration.

A president-elect launching a new business product is a highly unusual move, and it is a major concern for ethics watchdogs.