Kristen Welker Confronted Trump About Whether He's Profiting From the $TRUMP Meme Coin

NBC's Kristen Welker confronted President Donald Trump about whether he is profiting off of the $TRUMP meme coin which was released right before his inauguration in January.

The former president is being accused of profiting off of a private dinner with the top 220 holders of the $TRUMP meme coin.

The president’s critics are up in arms over the announcement, with several Democratic senators calling for an investigation into what they’re deeming a “pay to play” scheme. The left-leaning advocacy group State Democracy Defenders Action has estimated that Trump’s crypto holdings are worth about $2.9 billion.

As reported by The Hill, senators Elizabeth Warren (D-MA), Bob Menendez (D-NJ), and Ben Cardin (D-MD) penned a letter to the Department of Justice’s Office of the Inspector General, requesting an inquiry into any potential wrongdoing by Trump or his family members. Their aim was to determine whether the president had engaged in any unlawful actions to enrich himself during his time in office.

The senators expressed their concern over reports that Trump would be hosting a private dinner with the top 220 holders of the meme coin, which is named after the president despite his family members' involvement in its creation. Following the announcement, the coin’s price surged to a high of $14.32, marking a 58% increase from its previous lows.

The senators expressed their concern over reports that Trump would be hosting a private dinner with the top 220 holders of the meme coin, which is named after the president despite his family members' involvement in its creation. Following the announcement, the coin’s price surged to a high of $14.32, marking a 58% increase from its previous lows.

The senators highlighted that Trump’s actions could be viewed as a continuation of his previous administration’s efforts to intervene in the market, which they asserted was done to benefit his personal finances. They also pointed out that Trump’s actions could be seen as a continuation of his previous administration's efforts to intervene in the market, which they asserted was done to benefit his personal finances.

During an interview with MSNBC’s Kristen Welker on Monday, Trump was confronted with questions about whether he would be donating any earnings from crypto to the government. In response, Trump stated that he had never considered it before and questioned why he would do so. He further remarked that if his property values increased due to his presidency, would he be donating that as well.

The inquiry senators are calling for comes as Trump faces scrutiny for his involvement in the meme coin. A recent report by the State Democracy Defenders Action group estimated that Trump's crypto holdings could be worth around $2.9 billion. The group's analysis focused on the president's family members' involvement in the coin's creation and their subsequent actions, which they believe were intended to manipulate the market for personal gain.

The president's actions have also drawn criticism from ethics watchdogs, who view the dinner announcement as a "pay to play' scheme. The senators' letter to the OIG is a request for investigation into these allegations and a determination of whether any criminal activity was involved.

The news of the president's private dinner with the top 220 holders of the $TRUMP meme coin was met with mixed reactions. Some saw it as a clever move by the president to connect with his supporters and generate buzz for the coin, while others expressed concern over the potential for corruption and abuse of power.

As the investigation unfolds, it remains to be seen what, if any, legal or ethical violations will be uncovered. The senators' request for investigation is a significant development in the unfolding saga of the president's involvement in the meme coin market.