President Donald Trump and his team pulled the $ nearly $ 900,000 trading fees through the $ Trump Crypto badge, according to Chainalys.
Cash came over after Wednesday announcement that Trump's $ 220 best owner would win with him on a private club near Washington on May 2, with a black tie dinner dinner
The event promises a special reception of the top 25 symbolists and the website will also advertise the VIP White House tour the next day. The active leaderboard is monitored by buyers' usernames sitting for a seat.
The $ Trump coin, which was already a heavy property of memes, saw more than 50%after the announcement of the dinner competition, pushing its total market value to $ 2.7 billion. The President's political competitors immediately postponed.
Senator Chris Murphy, Connecticut Democrat, posted X that the sale was “the most blatant corrupt thing the President has ever done. Not close.”
Trump circle checks the symbolic profits while critics require a probe
The Trump organization and its subsidiaries are currently checking about $ 80% $ Trump Token Supply on the basis of information on the project website. About $ 324.5 million in commodity charges have been collected since the launch of the badge in January.
Every time trade happens, according to the same website, the wallet, managed by the wallets behind the sign, is sent directly. Chainalsis confirmed that this setting would keep money flowing into wallets connected to the creators of the project.
Most of the chips are locked in a three-year acquisition plan, which means that they are gradually released to avoid a sudden trumpet of garbage cryptic circles on the market called carpet pull. Such locks should build confidence, making sure that the inner circle cannot be instantly out and whisked.
Even with the lock, the dinner competition raised the disorder. Senators Adam Schiff in California and Elizabeth Warren Massachusetts called for the US Government Ethics Bureau to investigate whether Trump's offer of dinner to buy chips is violated by anti -corruption rules. They warned that the event smells like playing corruption, blurring the border between political access and financial benefits.
Ethics commentators call strangers between owners
Delaney Marsco, who leads ethical work at the Campaign Legal Center, told NBC News that while the Trump $ Trump competition is a clear violation of traditional ethics, it is unlikely to be chosen illegal.
“Conflicts of criminal interests do not apply to the President,” Maresco said. He pointed out that modern presidents, because Carter has moved away from business interests to prevent conflicts, but Trump uses gaps to keep his financial connections alive.
“The fact that the law does not prevent these financial interests such as this memo coin allow him to participate in a lot of seemingly corrupt activities. It has a gaming salary, so the president will probably sell access to himself,” Maresco said.
Molly White, an independent crypto explorer, explained NBC News that the $ Trump leaderboard hides real identities, showing only screen names. White warned that it was impossible to know exactly who would spend on dinner.
He also said that some $ Trump buyers are banned from foreign cryptocurrencies in the US, including Binantes. At least one of the best holders has an active binance account, despite the fact that the platform is closed to American users.
Schiff and Warren supported their ethics complaint with public reports, which show that the funds of prohibited crypto platforms may be related to $ Trump's investments. They invited the government's ethics office to dig when deep strangers go.
Trump's return to the White House was strongly supported by the crypto industry, which poured tens of millions of dollars in the 2024 elections. This cash beat donations from old industries such as banking and oil.
In addition to $ Trump, there is also a $ Melania sign supported by the first family. They are also associated with a decentralized financing company World Liberty Financial, which from October raised $ 550 million through two symbolic sales.
Buyers of these chips are denied resale and do not share profits. Instead, a company -related company claims 75% net income, including income from sales.
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