Donald Trump is facing growing scrutiny over whether he’s financially benefiting from his memecoin project — and his conflicting statements aren’t clearing the air. In a recent NBC News interview, Trump insisted he’s “not profiting from anything,” only to later admit he hasn’t even checked if the coin made him money.
🎤 “I haven't looked into it.”
During a Meet the Press segment with Kristen Welker, Trump was asked to address accusations that he’s personally profiting from the memecoin launched shortly before his return to the White House.
Asked directly whether the coin brings him financial gains, Trump replied:
“I haven't even looked.”
He then added:
“Look, if I own stock in something and I’m doing a good job, and the market goes up — I guess I benefit.”
🪙 Official TRUMP Token: Boom and Bust
Trump’s cryptocurrency, Official Trump (TRUMP), launched on January 17, and hit an all-time high of $73.43 just two days later — right before his inauguration.
Since then, it has plummeted by over 85%, now trading at around $11.35.
The price recently surged after the project’s website offered top token holders a chance to have dinner with Trump on May 22.
💼 Who owns the token?
Two Trump-affiliated entities — CIC Digital LLC and Fight Fight Fight LLC — collectively control 80% of the 1 billion tokens in existence.
On April 18, a token unlock event awarded 40 million tokens to CIC Digital — worth an estimated $454 million at the time.
A March analysis by The Financial Times estimated that the project has already generated at least $350 million — including $314 million in token sales and $36 million in fees.
⚖️ Criticism from all sides
Trump’s cryptocurrency ties have drawn criticism, with opponents calling it a conflict of interest, especially as he pushes to deregulate the crypto industry.
Even Republican Senators Cynthia Lummis and Lisa Murkowski expressed concern about the controversial "dinner for tokens" offer.
Trump claimed he’s been donating his presidential salary “back to the government.” When asked whether he’d also donate any crypto profits, he replied:
“I never thought about that. Should I give away my real estate too, just because it appreciates while I’m doing a good job as president? I don’t think so.”
🗳️ Crypto as part of the campaign
Trump once again voiced strong support for crypto, stating:
“If we don’t do it, China will. It’s new, it’s popular, and people want it.”
He accused former President Joe Biden of changing his stance on crypto “only for the votes” — though it was actually Vice President Kamala Harris who ran against Trump in the last election.
Speaking to reporters on May 4, Trump doubled down:
“Crypto is very important,” he said. “We need to keep it away from China — just like we do with AI and other key industries.”
❓Question for Readers:
Is Trump a forward-thinking crypto advocate — or is he blurring the line between politics and business too much?
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