Trump Promotes $TRUMP Meme Token, Price Soars and Triggers Political Ethics Spotlight!
Jakarta, Pintu News â The President of the United States, Donald Trump, has made another splash by publicly promoting a Solana-based meme coin called Official Trump ($TRUMP) on his social media platform, TruthSocial. In the post, he referred to the token as âthe best of all,â sparking a spike in the tokenâs price and public attention to the presidentâs direct involvement in a crypto asset that is also owned by his own company.
$TRUMP Token Rises After Direct Promotion from Trump
On Sunday morning, Trump wrote, âI LOVE $TRUMP-SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!â on TruthSocial. Shortly after, the price of the $TRUMP token spiked to $12.25 (around Rp199,875), although it later fluctuated again and stabilized at around $11.67 (Rp190,221), according to CoinGecko data. Even so, the token is still down 84% from its highest price of $73.40 (Rp1,196,420) when it was first launched in January 2025.
The token was developed by Trump-affiliated companies CIC Digital LLC and Fight Fight Fight LLC, which control 80% of the total token supply. This makes the price movement and trading volume of this token very favorable to related parties.
Read More: Solana (SOL) Price Movement Faces Important Barriers and Supports March 2025
Ethical Issues and Potential Constitutional Violations
The Presidentâs direct involvement in the promotion and ownership of these tokens raised concerns from various parties, including industry observers and digital media lawyers. Andrew Rossow, CEO of AR Media, sees this move as a dangerous precedent that shows the utilization of public office for private interests.
Rossow highlighted three key constitutional issues:
- Emoluments Clause â prohibits the president from receiving financial benefits from domestic or foreign entities without congressional approval. Anonymous ownership of tokens allows for potentially untraceable foreign influence.
- Separation of Powers (Article II, Section 3) â the presidentâs promotion of financial products may undermine the authority of regulatory agencies such as the SEC and CFTC.
- Fifth Amendment â privileging one particular crypto asset can create unfairness in the market and disadvantage other projects.
According to Rossow, Trumpâs involvement undermines public confidence in fair and neutral governance.
Other Affiliated Crypto Projects and Their Impacts
Besides $TRUMP, the same entity is also involved in the World Liberty Financial (WLFI) project, which recently completed two rounds of token sales and raised a total of $550 million. Of this amount, around $390 million (IDR 6.36 trillion) is said to have gone into the pockets of Trump-affiliated companies just from promotions.
This adds a layer of complexity to the potential conflict of interest, especially as several pro-crypto policies have been part of Trumpâs campaign, including the intention to make the US a âBitcoin superpowerâ and plans to establish a national Bitcoin strategic reserve.
Market Reaction and International Regulatorsâ Views
Although the $TRUMP token showed a momentary price spike, analysts like Luis Buenaventura of GCash stated that the market is no longer too enthusiastic about this token. According to him, most investors are only looking for short-term gains.
Meanwhile, the Governor of the French Central Bank, François Villeroy de Galhau, warned that Trumpâs pro-crypto approach risks âplanting the seeds of a global financial crisisâ by weakening regulation and encouraging uncontrolled non-bank financing.
Conclusion
President Trumpâs open promotion of the $TRUMP token has blurred the lines between public office and private business interests, sparking legal and ethical debates on a national and international level. Despite the short-term price boost, big questions remain regarding transparency, accountability, and the long-term impact on cryptocurrency markets and public trust in a neutral government.
Read More: Chainlink (LINK) Tests Critical Support, Potential Price Recovery on Investorsâ Eyes
Thatâs the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.
Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.
Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you donât have an account or click Login Pintu if you are already registered.
*Disclaimer
This content aims to enrich readersâ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an assetâs past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Decrypt. Trump Says His Meme Coin Is âGreatest of Them Allâ as Price Soars. Accessed March 24, 2025.
- Featured Image: Bitcoin.com News
