Public Citizen Files Complaint Over Trump’s Meme Coin, Cites Foreign Payment Risks

In response to concerns over anonymous international obligations, U.S. volunteer Public Citizen is calling for a national investigation into whether President Donald Trump reportedly promoted a Solana-based image coin.

The government, corporate, and consumer watchdog lodged its formal complaint with the Department of Justice and Office of Government Ethics on Wednesday, citing Trump’s social media posts, which it says were used to promote his Official Trump ( TRUMP ) token after taking office in January.

The DOJ, OGE, and Public Citizen did not immediately respond to requests for comment. The White House Press Office attempted to reach the President without receiving any responses.

Trump appears to be” soliciting money in exchange for nothing—that is, asking for a product that may benefit him personally”, Public Citizen’s Bartlett Naylor and Craig Holman wrote in their problem.

The problem cites some legitimate concerns surrounding Trump’s promotion of the meme coins, involving many intersecting areas of national law, constitutional provisions, and moral guidelines.

Beyond the Emoluments Clause, Public Citizen raised constitutional concerns regarding the image currency’s ability to conceal international payments.

It’s unclear whether foreign state actors are giving the president a Trump meme because of the nature of the crypto exchange, according to the issue.

The complaint contends that allowing for unchecked solicitations could normalize the exploitation of common office for profit, erodeing federal ethics regulations, and make it clear that officials should not be prohibited from receiving personal enrichment through these means.

” Should the president be allowed to enrich himself in this way, other politician]s ] might follow this path”, Naylor and Holman wrote.

Following the wealth

The image token’s site explains it is 80 % owned by CIC Digital LLC, an internet of The Trump Organization controlled by Trump’s absolute trust, of which he is the sole beneficiary.

The largest bubbles holding 80 % as described in its tokenomic model, while the info displayed using Bubblemaps shows the token’s move exercise and holder concentration.

Due to a wider crypto slump and increased uncertainty brought on by Trump’s suggested tariffs on China, Canada, and Mexico, the token itself has lost 32 % of its price in the past week.

A 10 % tax is still in place on all Chinese goods despite the president’s recent reverse of taxes on Canada and Mexico. &nbsp,

In response, China has imposed retaliatory tariffs, including a 15 % levy on U. S. coal and LNG and 10 % on crude oil, farm equipment, trucks, and large-engine sedans imported from the U. S.