Donald Trump denies any personal profit from his memecoin $TRUMP

Donald Trump, a central figure in the American political scene and now an unexpected player in the crypto world, stated Sunday during an interview that he is making “no profit” from the surge of his memecoin $TRUMP

Donald Trump finds himself at the center of a new media storm: his memecoin $TRUMP, backed by Solana, is skyrocketing… but the President of the United States insists he is making no profit from it. Between denials, ethics suspicions, and speculative surge, this case reignites the debate about the involvement of political figures in the crypto world.

Donald Trump, a central figure in the American political scene and now an unexpected player in the crypto world, stated Sunday during an interview that he is making “no profit” from the surge of his memecoin $TRUMP, launched on the Solana blockchain on January 8. When asked about potential gains he might have made from this cryptocurrency, the current president brushed off the suspicions: “I haven’t even looked. I’m not benefiting from anything.”

According to him, the mere fact that his stocks or investments increase in value while he is president does not constitute illegal enrichment: “If I do a good job and the market goes up, do I have to give everything back? I don’t think so.” Trump also recalled his early support for crypto-assets:

I supported crypto even before being president. If we don’t do it, China will. It’s a new, popular, and powerful technology.

The dinner causing controversy

The memecoin $TRUMP, whose 220 largest holders were promised an exclusive dinner with Donald Trump, triggered a spectacular surge of the token by more than 70% in a few hours… and a flood of criticism. Senator Jon Ossoff (Democrat, Georgia) called this initiative an impeachable offense, as it constitutes a form of active corruption linking financial interests and the presidential office. But this procedure depends on several conditions.

Indeed, the House of Representatives, which is of the opposite majority, would have to deem that the facts attributed to Donald Trump indeed amount to a violation of ethics, abuse of power, or personal enrichment. However, such a highly politicized process would then require a two-thirds majority in the Senate to result in an effective impeachment, which remains unlikely in the short term without strong bipartisan consensus.

What about Bitcoin?

If Donald Trump were actually to be impeached, political uncertainty could shake the markets! Bitcoin (BTC), once boosted to 75,000 dollars by his election, could fall due to instability. Or, paradoxically, benefit, since nothing is really certain in the crypto ecosystem.

Faced with the opacity of links between political influence and digital assets, this case regarding Donald Trump’s memecoin could well accelerate the development of a stricter legal framework in the United States. Between crypto lobbying, dubious marketing promises, and potential conflicts of interest, the urgency of a clear regulation as demanded by Nasdaq now becomes a central issue in the American public debate.