The group Public Citizen has demanded an investigation into whether Donald Trump's meme coin, TRUMP, violates federal laws prohibiting the acceptance of gifts. They are concerned that foreign individuals may anonymously buy the token, which could be considered a gift to Trump. The token was launched before the inauguration and quickly rose in price, but then fell by 76 percent after the release of the meme coin MELANIA. Public Citizen is calling for the sales of TRUMP to be halted and for funds to be returned if the token is found to be illegal. At the time of writing, its price was $18.66 with a market capitalization of $3.7 billion.
2/7/2025 9:08:35 AM (GMT+1)
Public Citizen demands an investigation into the possible violation of US laws through the meme coin TRUMP: concerns about gifts from foreign individuals and its price drop by 76 percent 🚨
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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