The non -profit public citizen urged the US government’s ethics office (Oge) and the Ministry of Justice to investigate memecoin Trump and the potential violation of federal law that prohibits the request for gifts by US President Donald Trump.
The Ministry of Justice requested an investigation into Trump Mimikoen
On Wednesday, the public citizen, an organization for a non -profit consumer call, presented a complaint With Oge and Doj from the agencies to investigate whether US President Donald Trump has violated federal law by supporting the distinctive symbol.
The complaint indicates that federal law regulates instead of payments for government officials, including gifts. Under this law, the US President may receive gifts but he cannot “seek” it. The Federal Regulations Blog (CFR) lists multiple exemptions from this ban, but nothing includes a seam to buy personal gains.
Public Citizen asks OGE and DOJ to investigate the TRUMP memecoin. Source: Public Citizen
According to public citizens, Trump’s promotion of Trump Mimikoin apparently violates the ban. The document indicates that US President Roj for the official symbol before and after the official entering the White House.
On January 17, Trump announced Trump’s official social media employee, including X and Truth Social. It seems that its only X’s post on the symbol was apparently re -published on the opening day and posted on Truth Social on January 21.
The new official Mimi Trump here! It’s time to celebrate everything we offer: win! Join the very special Trump community. Get your Trump $ now. Go to http://gettrummpmemes.com – Enjoy!
The complaint appears that the American president is the main owner of the official Mimikoen, as 80 % of the offer is owned by CIC Digital LLC. The public citizen argues that this company is “affiliated with Trump”, adding that it is “100 % owned by Donald J Trump Trust, cancelable.”
Donald Trump is the “only beneficiary” of cancelable confidence. According to the question on the website: “Is this a formal product Trump?” The website answers: “Yes, this is the only official Trump Mimi, for President Donald Trump.
The non -profit organization considers that since President Trump does not ask for money for investment or concrete product, but “seeking money for nothing”, it is possible that he “requests a gift that will benefit him personally.”
Are political symbols risking national security?
The complaint also brings another major issue: the possible participation of foreign countries. The public citizen notes that it is difficult to know whether the actors in the foreign state are “progressing to the president” by buying Memecoin, which displays the issue of national security.
Etherum Vitalik Buterin founder recently spoke about this issue in X. Burin considers that political symbols can represent a “danger to democracy” as it can be converted into “unlimited political bribery vehicles, including from foreign national countries.”
He explained that these distinctive symbols can be separately and present the possibility of depriving the intention, which makes it “ideal” bribery. “The dangers inherent in Trump Mimi are fateful,” said the non -profit organization.
He concluded that if the president can enrich himself in this way, then other politicians can follow his steps, which makes the ban on seeking and receiving gifts by officials other than the president “almost meaningless”.
A recent report from Reuters open These entities behind Mimikoin have accumulated about $ 100 million as trading fees in less than two weeks.
An analysis of three encryption data, including Merkle Science and Chainalysis, estimated that the Trump code was created between 86 million dollars and $ 100 million of fees by January 30, and the previously reported numbers exceeded.
However, the report indicated that it is unclear whether the American president had personally obtained any part of the fees or the ownership of other entities behind the mechanics.
TRUMP's performance in the 4-hour chart. Source: TRUMPUSDT on TradingView
Distinctive photo of Unsplash.com, Chart from Tradingview.com