The political scandal in the USA is gaining momentum: a group of Democrats accuses President Donald Trump of using the state treasury to promote his cryptocurrency project. It all started with news about the Ministry of Finance developing a new one-dollar coin featuring Trump's portrait on the obverse. However, the attention was drawn to the reverse — stylized lightning bolts and the slogan *Fight Fight Fight* — clear references to the meme coin **$TRUMP **, launched by Trump in January 2025.
Democratic Senator Chris Van Hollen called this **"a blatant violation of the law"**: "It is prohibited to place the president's portrait on an official coin, and the connection to the meme coin from which Trump makes millions is corruption in plain sight." According to an investigation by *The New York Times*, Trump's companies **CIC Digital LLC** and **Fight Fight Fight LLC** own 80% of the TRUMP tokens, earning ~$100 million in commissions, while investors lost $2 billion. Democrats, including Elizabeth Warren and Jamie Raskin, demand an investigation: a dinner for top coin holders at Trump's golf club allegedly allowed foreign investors to buy access to the president.
This is not the first blow to Trump's crypto empire. In May 2025, Congressman Sam Liccardo proposed the **MEME Act** — a law that prohibits officials from profiting from crypto. Critics see the coin as an attempt to legitimize a speculative asset that has enriched Trump by hundreds of millions. The White House brushes off the accusations, calling them "witch hunts." The scandal highlights the divide between politics and the crypto market: while Trump promotes deregulation, Democrats insist on ethical barriers.
#TrumpCoin #MemecoinScandal #CryptoPolitics #TrumpCrypto #USPolitics #MiningUpdates
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