Joe Biden’s son to launch memecoin, will send to TRUMP holders: WSJ

Hunter Biden announced the forthcoming launch of a cryptocurrency token dubbed LAPTOP, named after the computer that became a focal point in the 2020 presidential campaign. The memecoin project features a total supply of one billion tokens, with Biden planning to allocate 200 million—representing 20% of the total—to supporters via multiple channels including his Substack subscribers and personal mailing list, as well as existing investors in President Trump's Official Trump memecoin.

The timing of this venture stands out given Biden's recent escalation of crypto-related commentary. Since his father left office in January 2025, Hunter Biden has become increasingly vocal about blockchain technology, alternating between advocacy and criticism. He has praised decentralized digital currency as an inevitable future while simultaneously attacking World Liberty Financial, the Trump family's crypto venture, comparing its practices to the defunct FTX exchange and questioning its international ties.

The LAPTOP token structure includes mechanisms linking token burns to specific outcomes, including a Democrat winning the 2028 presidential election, Bitcoin reaching new all-time highs, or the memecoin's valuation surpassing that of the Trump token. The founders retain 30% of the token supply and can burn up to 30% depending on these triggering events.

The launch arrives amid broader congressional activity on cryptocurrency regulation. The Digital Asset Market Clarity Act is scheduled for a Senate cloture vote on September 15, potentially heightening scrutiny of crypto initiatives tied to prominent political figures. The memecoin announcement could intensify focus on Trump family cryptocurrency ventures at a critical moment for potential regulatory framework legislation.