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duytdcrypto
@duytd1
Former President Donald Trump publicly endorsed the Official Trump (TRUMP) meme coin on social media platform TruthSocial, sending the token's price soaring to $12.25 before it began to fluctuate. The token is currently trading at $11.67, but is still down 84% from its all-time high of $73.40 in January. Trump's endorsement raises conflict of interest concerns, as companies associated with him own 80% of the token's supply. Legal experts warn that the move could violate: The Emoluments Clause – Prohibiting the President from accepting financial benefits from domestic and foreign entities. The Separation of Powers Principle – Endorsing a financial asset could undermine regulators like the SEC, CFTC. The Fifth Amendment – Favoring Trump's token has caused unfair competition in the crypto market. Trump-related entities have made $390 million from token sales. This is a new step after he pledged to make the US a leading country in crypto, including building a strategic Bitcoin reserve.
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