The American nonprofit organization filed a complaint regarding the Trump Meme coin, requesting to terminate sales and refund the funds

2025-02-06 10:27:28
Collection

ChainCatcher news, according to Decrypt, the nonprofit watchdog organization Public Citizen has filed a formal complaint with the Department of Justice and the Office of Government Ethics, requesting a federal investigation into Trump's alleged promotion of the Solana ecosystem's TRUMP token.

The complaint points out that 80% of the token is held by Trump's affiliated company CIC Digital LLC, which may violate laws prohibiting gift solicitation and poses risks of untraceable foreign payments. Over the past week, possibly influenced by the trade war, the price of the TRUMP token has dropped by 32%.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
ChainCatcher Building the Web3 world with innovators