On the 25th, Democratic Senator Chris Murphy stated that President Trump's issuance of a meme coin was the most blatantly corrupt act in the history of the US presidency.
The criticism is that President Trump intentionally raised the price of "TRUMP" to pursue his own selfish interests. Global investment research company BCA Research also said, "President Trump
"The issuance of the meme coin is an act of personal wealth maximization," he said. The background to this criticism is the recent announcement of President Trump's dinner for "TRUMP" holders.
The news is that the price of "TRUMP" has skyrocketed due to rising expectations that people might be able to meet President Trump.
On the 24th, President Trump announced through the "TRUMP" official website that
He said he will hold a private dinner with the top 220 people who have purchased the most coins. The dinner will be held on the 22nd of next month (local time) at the Trump National Golf Club in Washington, DC.
Afterwards, a White House tour is also planned. This caused the price of "TRUMP" to soar by about 60% in one day. In addition, President Trump has been ranked among the top coin holders by investors.
When the company announced that it would publish the details of the coins in real time on its official website, it was criticized for "encouraging speculation." This is the first time that a conflict of interest has arisen between President Trump and meme coins.
No. In January, just before taking office, he issued the coin "TRUMP" and directly promoted it on social media, causing the price of the coin to soar by more than 900% in a single day.
Last month, the Financial Times (FT) tracked blockchain data that revealed that the Trump Meme Coin team had not yet issued a token.
After the sale, it was revealed that the team made a profit of at least $350 million. "A wallet believed to belong to the Trump Meme Coin team sold the coins about three weeks after the token was released, making a huge profit.
Some experts said, "The sale of meme coins has essentially become a way to deliver anonymous donations to the president, and there is a risk that individual investors will be exploited."
As the debate continued, the U.S. Congress introduced a bill at the end of February to ban public officials from issuing and generating revenue from cryptocurrencies. U.S. Representative Sam Liccardo said, "It is unacceptable for public officials to use their political positions to obtain financial benefits."
"It should not be taken away," he said, criticizing President Trump's meme coin launch as "possibly for personal gain."
In January, U.S. Senators Elizabeth Warren and Jake Ochin
Congressman Cross has called on the US financial authorities to investigate the suitability of the Trump meme coin. The two lawmakers say the coin is a means of amassing wealth by using President Trump's position, and is a profit-making scheme.
He pointed out that it contains the possibility of contradiction.
2025/04/28 12:02 KST
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