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Hunter Biden just launched a memecoin named $LAPTOP. Within minutes, its price jumped from $37.26 to $222.75 before crashing more than 95% within hours. Biden hasn’t said whether or how he’ll personally benefit, but memecoin creators can profit from transaction fees or increases in tokens they own.

nytimes.comHunter Biden’s ‘Laptop’ Crypto Coin Plummets Upon LaunchingThe president’s son portrayed his memecoin as a symbol of redemption. Critics denounced it as hypocrisy.

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Hunter has a long history of questions about whether he used his family name for profit when his father was Vice President. The standard definition of corruption is using public office for private gain. That’s no laughing matter, and it’s not ok, no matter which party is involved.