According to NBC News, blockchain data firm Chainalysis data shows that Trump and his allies received nearly $900,000 in transaction fee revenue from their crypto token $TRUMP over two days last month. The revenue surge stemmed from the announcement on the token's official website that it would offer the first 220 token holders the opportunity to have dinner with the president. After the announcement, the price of the $TRUMP token rose by more than 50%.
According to the official website of the project, about 80% of the $TRUMP token supply is controlled by the Trump Organization and its affiliates. In response, Trump said in an interview that he "does not profit from anything" and said that he "has not paid attention" to the profitability of cryptocurrencies. At present, some Republican lawmakers have expressed concerns about this, while Democratic senators have called on the US Office of Government Ethics to investigate.
Trump Says "Not Profiting From Anything," Trump Crypto Token Earns Nearly $900,000 in Two-Day Trading Fees
2025-05-05 01:24:13
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