Trump

Trump denies profiting from the presidency and cryptocurrency

ChainCatcher news, Trump denied profiting from the presidency during an interview with Meet The Press. Host Welker specifically asked about his cryptocurrency TRUMP. According to data from Chainalysis, last month, Trump and his allies earned nearly $900,000 in revenue from transaction fees of the token in just two days. This surge occurred after the official website of the token announced that the first 220 token holders would have the opportunity to dine with the president.Welker inquired about this situation, responding to the public's perception that he "profited from the presidency." Trump replied, "I did not profit from it."Welker pressed Trump again: "So you did not profit at all from the cryptocurrency?" "I haven't even looked at it," Trump responded, adding, "If I held stock in a company and I did well, and the stock market went up, I guess I would be profiting."After the dinner announcement, the price of the TRUMP token soared over 50%. According to the project's website, about 80% of the TRUMP token supply is controlled by the Trump Organization and its affiliates. Last week, campaign finance and government accountability experts told NBC News that the token and dinner event constituted an ethical violation, although it may not be illegal. However, some Republican lawmakers who support Trump expressed concerns, while prominent critics, including California Democratic Senator Adam Schiff and Massachusetts Democratic Senator Elizabeth Warren, have urged the U.S. Office of Government Ethics to investigate.Since Trump's first term, he and his family members have been repeatedly accused of profiting from the presidency. Republicans typically defend him, claiming this is merely a continuation of Trump's long business career, which is beyond reproach.
ChainCatcher Building the Web3 world with innovators