U.S. Government Urged To Investigate Trump's Promotion Of Meme Coin

According to Odaily, the U.S. government, along with corporate and consumer watchdog Public Citizen, has called for a federal investigation into whether U.S. President Donald Trump's promotion of a meme coin violates laws against soliciting gifts. Concerns have been raised about the potential for untraceable foreign payments. Public Citizen filed a formal complaint on Wednesday with the Department of Justice and the Office of Government Ethics, alleging that Trump's social media posts have been used to promote the TRUMP token since he took office in January. The Department of Justice, the Office of Government Ethics, and Public Citizen have not immediately responded to requests for comment. In the complaint, Bartlett Naylor and Craig Holman of Public Citizen stated that Trump appears to be "soliciting money without compensation, essentially asking for gifts that benefit him personally." The complaint outlines several legal issues surrounding Trump's promotion of the meme coin, involving multiple overlapping areas of federal law, constitutional provisions, and ethical guidelines.