U.S. President Donald Trump's launch of a crypto token shortly before his inauguration on Monday creates new conflict-of-interest concerns, ethics experts and industry insiders said.

Trump launches crypto task force, two new meme coins. Bitcoin hits record high. Riot turns to AI. Banks to embrace crypto, official says.

Meme coins, which often start as jokes with no real value, are volatile cryptocurrencies that can skyrocket in price if enough people are willing to buy them.