President Donald Trump Refuted Claims That He's Financially Benefiting from His Official Trump TRUMP/USD Meme Coin

In a wide-ranging interview with NBC News, Trump was asked about his potential financial gains from the Solana SOL/USD-based cryptocurrency, to which he responded, “I'm not profiting from anything.”

President Donald Trump has refuted claims that he is financially benefiting from his Official Trump TRUMP/USD meme coin, according to a recent interview with NBC News.

What Happened: In a wide-ranging interview that aired Sunday, Trump was asked about his potential financial gains from the Solana SOL/USD-based cryptocurrency.

"I’m not profiting from anything," Trump responded.

"I haven't even looked. If I own stock in something, and I do a good job, and the stock market goes up, I guess I'm profiting."

Trump stated that he started endorsing cryptocurrency even before his presidency.

"I want crypto. I think crypto’s important because if we don't do it, China’s going to. And it’s new, it’s very popular, it’s very hot."

When asked if he would donate cryptocurrency earnings back to the government, Trump replied, "Should I contribute all of my real estate that I've owned for many years if it goes up a little bit because I'm president and doing a good job? I don't think so."

Why It Matters: Trump’s denial adds another layer to the ongoing debate surrounding the ethical implications of his involvement in the cryptocurrency market.

TRUMP's top holders were promised an exclusive dinner with Trump, which led to a dramatic surge in value and also sparked accusations of potential corruption. Sen. Jon Ossoff (D-Ga.) deemed the act an impeachable offense, while Sen. Elizabeth Warren (D-Mass.) requested the U.S. Office of Government Ethics to investigate a potential violation of federal ethics regulations.

The meme coin, 80% of whose supply is controlled by an affiliate of the Trump Organization, emphasizes that TRUMP is not a political initiative or investment opportunity but an expression of support for Trump's ideals.

The token bumped to an all-time high of $75.35 shortly after its launch but has since cratered more than 85%.

Price Action: At the time of writing, TRUMP was exchanging hands at $11.12, up $0.12 in the last 24 hours, according to data from Benzinga Pro.

See Also: If You Bought $1 Worth Of Bitcoin At Launch, Here’s How Much You’d Have Today

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