Trump-Related MAGA Memecoin Onboards Roger Stone As Partner

Murtuza Merchant

April 17, 2024

Controversial political figure Roger Stone has partnered with the Trump-themed MAGA memecoin (CRYPTO: TRUMP), marking a unique move in the meme coin space.

What Happened: The strategic partnership is seen as a move to leverage Stone’s notoriety and political savvy to propel the appeal of MAGA Memecoin.

“2024 is the year of $TRUMP,” Marketing Director Steven Steele declared in a press release, signaling ambitious growth plans for the coming election year:

"We've worked tirelessly for the last 9 months plus to position this project to eventually rival
the likes of Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).”

Stone, known for his edgy and provocative political maneuvers, was convicted in 2019 on multiple counts including witness tampering and obstruction.

Stone’s career has been marked by his alleged connections with various political and extremist groups, notably appearing alongside Trump during recent campaign events as the 2024 election season heats up.

His sentence was later commuted and ultimately pardoned by President Trump.

Launched in August 2023, MAGA Memecoin has garnered attention for being listed as the biggest holding in Donald Trump’s wallet, with the team sending him 1% of the initial supply.

Beyond the political affiliation, the project has donated nearly $2 million in Ethereum (CRYPTO: ETH) towards fighting child trafficking and supporting homeless veterans.

Benzinga Future of Digital Assets conference

Also Read: U.S. Senators Lummis, Gillibrand Renew Push For Stablecoin Bill

Why It Matters: As Andrew Kang, Managing Partner at Mechanism Capital tweeted, “Memecoins are now partnering with seriously influential political figures. The permeation of memecoins throughout society last cycle was just a sampler. This cycle we are going deep.”

This observation underscores the deepening integration of meme coins into societal and political frameworks, indicating that this cycle will delve further into substantial partnerships like that of Stone's.

What’s Next: This partnership announcement comes as the digital asset community prepares for Benzinga’s Future of Digital Assets conference on Nov. 19.

The conference will likely address the implications of politically charged meme coins like MAGA in the broader context of financial technology and investment.

Photo: Shutterstock

Recommended

The No. 1 Crypto for 2024 - Ad

The Military Is Handing You This Win - On a Silver Platter - Ad

Without Titanium, U.S. National Security Is in Peril - Ad

The Change Healthcare that disrupted health care systems nationwide earlier this year started when hackers entered a server that lacked a basic form of security: multifactor authentication.

Elon Musk Gives One-Word Response To Joe Biden's Dig At Donald Trump At White House Correspondents' Dinner

Elon Musk reacted to President Joe Biden's recent comments at the White House correspondents' dinner with a one-word response that sparked some discussion on social media.

One Crypto Can Change Your Financial Life

One Crypto Can Change Your Financial Life - Ad

The catch is you won't be able to become a millionaire by buying Bitcoin today. There are five little-known coins I've discovered that I believe will skyrocket over the course of the next few months.

US job openings fall to 8.5 million in March, the lowest level in more than 3 years

WASHINGTON (AP) — U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates.

Protests At UCLA, Columbia And Other Campuses Turn Violent As Israel Negotiates Truce Terms With Hamas

Multiple protests on U.S. college campuses became violent Wednesday, cutting against government efforts to negotiate a cease-fire between Israel and Hamas.

The Next Nvidia?

The Next Nvidia? - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

Delta Flight Returns To Atlanta After Takeoff: Boeing 757 'Yawing Aggressively'

Delta Air Lines flight from Atlanta to Ft. Lauderdale diverted back to Atlanta due to Boeing 757 yawing aggressively.

Elon Musk Debunks Tucker Carlson's Alien Theory, SCOTUS On Trump's Immunity, North Korea's Military Pledge And More: This Week In Politics

The week was filled with intriguing stories, from Elon Musk's dismissal of alien theories to the U.S. Supreme Court's deliberation on former President Donald Trump's immunity claims.

"Retirement Secret" Showed 995% Gain Last Time We Shared It

"Retirement Secret" Showed 995% Gain Last Time We Shared It - Ad

It's a straightforward way to come out on top no matter who wins this November... It's not cryptos, or options, and anyone can do it.

Asia Up, Europe Mixed, While Yen Surges Against Dollar - Global Markets Today While US Slept

US stock markets closed higher, driven by strong earnings and mild inflation data. Asian markets also gained, while eurozone and oil prices dipped.

Jim Cramer Explains What Could Trigger Further Market Decline: 'If You Want To Get Out, Go Ahead ...'

CNBC host Jim Cramer has outlined potential factors that could lead to further market decline, advising investors to be cautious about their buying and selling decisions.

See This Before This Week's Fed Meeting

See This Before This Week's Fed Meeting - Ad

Thousands of investing ideas come across his desk every year... But Doc Eifrig just revealed THIS ONE "will go down as one of the smartest and most lucrative financial moves of the decade." (Last time we shared this, it led to a 995% gain.)

Deepfake of principal's voice is the latest case of AI being used for harm

The most recent criminal case involving artificial intelligence , where police say a principal was framed as racist by a fake recording of his voice.

Tesla's FSD Nod Win Seen As Move To 'Smooth Over Chinese EV's Entry Into The US Market' Says Redditor

Tesla's FSD milestone in China sparks discussions among investors and enthusiasts, leading to a 10% premarket spike in stock price. Seen as a strategic win, but impact on global EV market and stock remains uncertain.

Biden's Closed-Door AI Meeting

Biden's Closed-Door AI Meeting - Ad

Things are moving so fast, President Biden just met with 8 of the top AI experts in the world to figure out how to regulate it. And this small-cap is at the center of this AI-biotech revolution.

Stock market today: Asian markets wobble after Fed sticks with current interest rates

HONG KONG (AP) — Asian markets wobbled in Thursday trading after U.S. stocks swung to a mixed finish with the .

South Korea's 5-Year Plan To Grow Its Console Gaming Market By 2028

South Korea's plan to boost console gaming, diversifying from mobile platforms, through strategic partnerships and market growth projections

Legendary Stockpicker: "Buy This A.I. Stock NOW"

Legendary Stockpicker: "Buy This A.I. Stock NOW" - Ad

His award-winning system pinpointed NVDA and META before both stocks doubled. Now it's flashing "BUY" on this under-the-radar A.I. stock.

Jim Cramer Turns Bullish On Palantir: 'Make A Move And Buy Some'

CNBC’s “Mad Money” host Jim Cramer has given a thumbs up to Palantir Technologies Inc. (NYSE:PLTR), sparking interest among investors.

Top 3 Real Estate Stocks That Are Set To Fly In April

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down.

Central Banks Buying Gold in Record Numbers

Central Banks Buying Gold in Record Numbers - Ad

Most folks have completely missed the fact that the world's Central Banks have been quietly gobbling up as much gold as they can... Stacking it in their locked vaults on pallets in record numbers. Find out why right here (and see what you can do to get in too with just a few dollars).

Chinese Embassy Condemns Proposed U.S. Tariffs As Examples Of Unilateralism And Protectionism, As Biden Seeks To Court Critical Voters

Biden's tariff warnings indicate continuing U.S.-China tensions, leading to criticism from the Chinese embassy.

A strong quarter for Wall Street lifts Goldman's first-quarter results

NEW YORK (AP) — Goldman Sachs said it saw a double digit rise in its first quarter profits on Monday, lifted broadly by the stock and bond markets' performances in the first months of the year.

Bitcoin Gained 164% in 2023 but Crypto Millionaire Abandoned It for This

Bitcoin Gained 164% in 2023 but Crypto Millionaire Abandoned It for This - Ad

A certain crypto genius and millionaire has been praising Bitcoin since it was trading for $61. Even though it gained 164% last year, he's now recommending a different cryptocurrency. In fact, he's betting his own money on and buying it like crazy.

After Biden Signs TikTok Ban Into Law, Top EU Leader Says Not Ruling Out Action Against Chinese Platform: 'We Know Exactly The Danger'

European Commission President Ursula von der Leyen stated that a TikTok ban in the EU is a possibility, mirroring steps already taken against the platform on Commission corporate phones.

The world's largest 3D printer is at a university in Maine. It just unveiled an even bigger one

ORONO, Maine (AP) — The world’s largest 3D printer has created a house that can cut construction time and labor. An even larger printer unveiled on Tuesday may one day create entire neighborhoods.

New Video: What A.I. Means for Cancer (And Other Diseases)

New Video: What A.I. Means for Cancer (And Other Diseases) - Ad

I urge you to check it out before we take the video down. You'll discover how AI discovered a new treatment in only 30 days, why Big Pharma signed over $3 billion in deals with one AI-biotech, and why Bill Gates and billionaire Steve Cohen own over 10% of this company.

Over $1M Bet On This Consumer Cyclical Stock? Check Out These 3 Stocks Insiders Are Buying

Although U.S. stocks closed lower on Friday, there were a few notable insider trades.

Atlantic City mayor: I'm committed to my family and city while dealing with daughter abuse charges

ATLANTIC CITY, N.J. (AP) — Atlantic City Mayor Marty Small said Thursday he remains committed to his family and to his city as he deals with charges that he and his wife

Buy This A.I. Stock Before Elon's "A.I. Day" on May 16

Buy This A.I. Stock Before Elon's "A.I. Day" on May 16 - Ad

Luke Lango is now recommending this little-known A.I. stock because it could supply Elon Musk with a critical piece of infrastructure for his new A.I. venture, something Luke is calling "Elon's A.I. 2.0". Once Elon reveals it on May 16, you may have missed the biggest gains.

Vingroup's VinFast Faces Financial Risks Amidst Global Ambitions, With $5.7B Loss Over Past Three Years

Vingroup's VinFast faces financial risks as it expands globally, grappling with a $5.7 billion loss over three years.

Why Dragonfly Energy Shares Are Rocketing Premarket Tuesday

Dragonfly Energy shares surge premarket after reporting Q4 2023 results, with decreased sales and improved Adjusted EBITDA.

The A.I. Story Nobody is Telling You (Read ASAP)

The A.I. Story Nobody is Telling You (Read ASAP) - Ad

There's been a lot of buzz surrounding A.I. over the past couple of years -- but there's only ONE story you should be worried about. Whether you have $500 or $500,000, this radical new A.I. Innovation will have a direct impact on your wealth.

Missouri's $2B Marijuana Market Hits Record Sales In March, Eyes Future Growth With Microbusiness Licenses

The Missouri cannabis market set a new monthly sales record in March, reaching nearly $125 million. According to the latest data from the Missouri Department of Health and Senior Services (DHSS), the adult-use cannabis sector contributed $108.7 million in March, with medical cannabis adding another $16 million, culminating in a total of $124.7 million.

Dead whale in New Jersey had a fractured skull among numerous injuries, experts find

LONG BEACH TOWNSHIP, N.J. (AP) — A post-mortem examination of a whale that washed ashore on New Jersey's Long Beach Island found that the animal had sustained numerous blunt force injuries including a fractured skull and vertebrae.

What Should You Be Doing To "A.I.-Proof" Your Retirement?

What Should You Be Doing To "A.I.-Proof" Your Retirement? - Ad

A.I. is creeping into every aspect of our daily lives... According to billion-dollar fund manager Louis Navellier, it's never been more important to A.I.-proof your wealth. He lays out three simple steps to take ASAP in his latest video.

First major attempts to regulate AI face headwinds from all sides

DENVER (AP) — Artificial intelligence is helping decide which Americans get the job interview, the apartment, even medical care, but the to reign in bias in AI decision making are facing headwinds from every direction.

Apple CEO says that he wants to increase investments in Vietnam

HANOI, Vietnam (AP) — Apple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spending on suppliers in the Southeast Asian manufacturing hub.

Savvy Investors Notice "Wonder Metal" in iPhone

Savvy Investors Notice "Wonder Metal" in iPhone - Ad

Apple has made use of this unique metal extensively in the new iPhone describing it as having "one of the best strength-to-weight ratios of any metal". It's not just Apple though, with applications in aerospace, defense, and medical devices, titanium has become essential...Unfortunately, 90% of the supply is controlled by adversarial nations meaning a supply disruption would have paralyzing effects on daily life in the US.

North Carolina governor to welcome historic visitor at mansion: Japan's Prime Minister Kishida

RALEIGH, N.C. (AP) — After spending a few days in Washington , Japanese Prime Minister Fumio Kishida is set to tour around North Carolina on Friday to spotlight a different interest: his nation's title as the state's biggest foreign investor.

Trending Now

Bill Gates Shares Heartwarming Scuba Diving Photo With Daughter On Her 28th Birthday: 'I'm In Awe Of How You Dive Headfirst Into Everything.'

Voters Reveal Whether They Feel Donald Trump Is Receiving Fair Treatment In Court In Latest Poll â€” What That Means For Former President's Election Chances

One Coin to Rule Them All... - Ad

Trump's Niece Says Letitia James 'Holds Donald's Feet To Fire' As Ex-President Grapples With Consequences Of Years Of Flouting Law: 'Beginning Of...Reckoning'

Bitcoin's Short-Term Holder Realized Price At $59,800; Analyst Says Falling Below This Could Trigger Notable 'Price Corrections'

Mysterious 'GPT2' Chatbot Goes Viral After Users Say It Performs Better Than OpenAI's GPT-4, Sam Altman Quips He Has A 'Soft Spot' For It: Could It Be GPT-4.5?