Trump denies profiting from the presidency and Crypto Assets.

On May 5, during an interview with Meet the Press, Trump denied profiting from his presidential position. Host Welker specifically asked about his Crypto Assets TRUMP. According to data from Chainalysis, last month, Trump and his allies earned nearly $900,000 in revenue from the Token’s trading fees in just two days. This surge came after the official announcement that the top 220 Token holders would have the opportunity to have dinner with the president. Welker inquired about this situation, responding to claims that he “profited from his presidential position.” Trump replied, “I did not profit from it.” Welker pressed Trump again, “So you did not profit from the Crypto Assets at all?” “I didn’t even look at it,” Trump responded, adding, “If I hold stock in a company and I’m doing well, the stock market rises, I think I would consider that a profit.” After the dinner announcement, the TRUMP Token price soared over 50%. According to the project’s website, about 80% of the TRUMP Token supply is controlled by Trump organizations and their affiliates. Last week, campaign finance and government accountability experts told NBC News that the Token and dinner event constituted an ethical violation, although it may not be illegal. However, some Republican lawmakers who support Trump expressed concerns, while prominent critics, including California Democratic Senator Adam Schiff and Massachusetts Democratic Senator Elizabeth Warren, have urged the U.S. government’s ethics office to investigate. Since Trump’s first term, he and his family members have been repeatedly accused of profiting from the presidential position. Republicans typically defend him, saying this is just a continuation of Trump’s long business career, which is perfectly acceptable.