A recent legal filing alleges that a cryptocurrency promoted by Melania Trump, known as $MELANIA, was part of a fraudulent scheme that exploited celebrity endorsements to deceive investors. The lawsuit, initiated by crypto investors, accuses cofounders Benjamin Chow and Hayden Davis of orchestrating a pump-and-dump scheme involving multiple cryptocurrencies, including $LIBRA, which collapsed shortly after launch. The plaintiffs claim that Chow and Davis developed a systematic approach to manipulate the market, leveraging the credibility of public figures to attract unsuspecting investors. The filing suggests that the defendants controlled a significant portion of the $MELANIA supply before its public launch, allowing them to profit at the expense of regular investors. Although Trump is not named as a defendant, her involvement has raised concerns about conflicts of interest and the integrity of celebrity endorsements in the crypto space. This case could have broader implications for regulatory standards surrounding cryptocurrency launches in the U.S.