Is Donald Trump Cashing In on $TRUMP? President Denies Profit as Ethics Heat Up
U.S. President Donald Trump pushed back on claims that he is profiting from his newly launched memecoin in a new interview with NBC News on Sunday.
Donald Trump Dismisses Memecoin Controversy
Speaking on “Meet The Press” on May 4, Trump refuted allegations that he has been turning a profit from his namesake memecoin, $TRUMP, which he launched just days before his inauguration in January.
“I’m not profiting from anything,” Trump said when asked about the novel cryptocurrency.
“If I own stock in something and I do a good job, and the stock market goes up, I guess I’m profiting,” he added