Crypto leaders are aghast that President Trump is launching meme coins as he enters office, undermining their industry with cheap gimmicks.

Ivanka Trump, US President Donald Trump’s daughter, on Thursday, issued an advisory regarding meme coin trading in the market. She warned and distanced herself from a fake crypto token named “$IVANKA.

The digital tokens have already generated billions of dollars on paper for the Trump family. Meme coins are a subset of cryptocurrencies tied to internet meme culture. Two senior congressional ...