Public Citizen Calls for Investigation into Trump’s Meme Coin Promotion
- Public Citizen filed a complaint with the DOJ and OGE regarding Trump’s promotion of a Solana-based meme token.
- The complaint alleges potential violations of laws barring gift solicitation and concerns over untraceable foreign payments.
- Trump’s Official Trump (TRUMP) token is reportedly 80% owned by CIC Digital LLC, linked to The Trump Organization.
- The token lost 32% of its value in the past week amid a broader crypto downturn and tariff-related volatility.
Public Citizen’s complaint highlights legal and ethical concerns about Trump’s promotion of the meme coin, citing potential violations of federal law and constitutional provisions. The organization warns against normalizing public office exploitation for personal gain.
Source (2.6)https://decrypt.co/304687/public-citizen-complaint-trumps-meme-coin?rand=52368
