DOJ Urged to Investigate Trump’s TRUMP Memecoin for Legal Violations
- A progressive think tank has requested the U.S. Department of Justice to investigate President Donald Trump’s TRUMP memecoin.
- The memecoin was launched in mid-January and quickly became the 41st-largest digital asset by market cap.
- Public Citizen argues that the memecoin may violate federal laws on gifts to government officials.
- The TRUMP website states that the coins are not intended as investment opportunities or securities.
- Concerns arise over potential foreign state actors gifting through cryptocurrency exchanges.
Public Citizen’s request highlights concerns about possible violations of federal gift laws by President Trump’s TRUMP memecoin, which rapidly gained significant market value after its launch in January.
Source (2.6)https://dailyhodl.com/2025/02/07/progressive-think-tank-says-trump-memecoin-could-be-violating-anti-bribery-laws-asks-doj-to-investigate/?rand=59076
