Trump Denies $TRUMP Memecoin Profit Allegations as Ethics Questions Swirl
Former U.S. President Donald Trump has denied allegations of personal enrichment from his namesake memecoin $TRUMP during an NBC News interview. "I’m not profiting from anything," Trump stated, rejecting comparisons to traditional market gains. The token launched just days before his January 2025 inauguration, raising ethical concerns.
Critics point to potential conflicts of interest as major $TRUMP holders reportedly gain access to exclusive events. The controversy highlights increasing scrutiny of political figures’ cryptocurrency involvement, with analysts noting the token’s price swings reflect typical meme coin volatility patterns.