Donald Trump, dubbed the first crypto President, has been accused of orchestrating the largest crypto rug pull in history. This has sparked calls for a Congressional investigation to uncover the truth behind this alleged pump and dump scheme.
The investigation should focus on several key areas:
- *Authorship of the Truth Social Posts*: Who wrote the two Sunday afternoon posts on Trump's Truth Social account?
- *Advance Knowledge*: Who knew about the first post beforehand, and when did they find out about its wording and release timing?
- *Insider Trading*: How much money did individuals with advance notice invest in XRP, ADA, SOL, BTC, and ETH, and if they sold, what were the exact timing and proceeds of those sales?
- *Communication Records*: All emails, text messages, or other communications involving Trump's staff, family, friends, campaign donors, or Truth Social employees related to the two Sunday posts should be scrutinized.
Peter Schiff, a prominent Bitcoin critic, has already urged Congress to launch an investigation into Trump's alleged crypto pump and dump scheme, citing potential insider trading and conflicts of interest.