According to BlockBeats, Trump denied profiting from his presidential position during an interview with Meet the Press. Chainalysis data shows that last month, Trump and his allies earned nearly $900,000 through TRUMP token transaction fees.
The price of the TRUMP token soared 50% after it was announced that the top 220 holders would have dinner with the president. About 80% of the token supply is controlled by the Trump organization. Experts say this constitutes an ethical violation, although it may not be illegal.
Some Republican lawmakers have expressed concern, and Democratic Senators Adam Schiff and Elizabeth Warren have urged the U.S. government's ethics office to investigate.
