Published on: 06/02/2025
Author: Ken
Trump accused of profiting from Memecoin
Public Citizen is calling for an investigation into memecoin TRUMP, alleging that former President Donald Trump received illegal donations from anonymous transactions.
Trump accused of profiting from Memecoin
Public Citizen, an organization that defends citizens’ rights against big corporations, has filed a complaint with the US Department of Justice (DOJ) and the Office of Government Ethics (OGE) regarding former President Donald Trump’s promotion of the TRUMP meme coin on social media platforms.
Trump accused of profiting from Memecoin
Trump accused of profiting from Memecoin
According to the complaint, Trump violated campaign finance laws by encouraging users to buy Trump Coin just before his inauguration on January 20, 2025. Public Citizen representatives Bartlett Naylor and Craig Holman argued that this was not a typical investment promotion or product endorsement, but rather a case of personal exploitation, which constitutes a serious violation of ethical standards in public service.
In 2012, a report by the Congressional Research Service stated that while the president is entitled to receive public donations, he may not solicit or pressure others to contribute. If a Justice Department investigation confirms that Trump encouraged citizens to buy Trump Coin, he could face charges of abusing his power for personal gain.
