According to BlockBeats, on January 19th, Fox reported that Trump personally announced the release of this token through his Truth Social and X accounts at 9:45 pm Eastern Time on Friday, while cryptocurrency industry leaders were celebrating his return to the White House at the first cryptocurrency ball held in Washington D.C. It is reported that attendees of the ball include CEOs of various cryptocurrency platforms, politicians, several members of Trump's new cabinet, and his son Donald Trump Jr. According to reports, after the news of the token issuance came out, some attendees were skeptical, speculating that the elected president's account had been hacked. Donald Trump may be aware of this news as he is being quarantined in an exclusive VIP area. It is currently unclear whether he has discussed Trump Coin with anyone there.