According to BlockBeats, Trump denied profiting from his presidency in an interview with Meet the Press. Chainalysis data shows that Trump and his allies earned nearly $900,000 from TRUMP token transaction fees last month.
The price of the TRUMP token surged 50% after it was announced that the first 220 holders would have dinner with the president. About 80% of the token supply is controlled by the Trump Organization. Experts say the move constitutes an ethical violation, though it may not be illegal.
Some Republican lawmakers have expressed concerns, and Democratic Senators Adam Schiff and Elizabeth Warren have urged the U.S. Office of Government Ethics to investigate.
