Two days before being sworn in as the 47th US President, Donald Trump played a masterstroke by launching his TRUMP memecoin. This move raised a lot of eyebrows from his opposition who claim that this could possibly lead to Trump encashing his presidency.
Gerald Conolly, a Democratic representative, stated that since Trump’s World Liberty Financial (WLF) Platform and TRUMP memecoin have been making significant profits, it is a possibility that Trump is violating ethical standards, giving rise to serious national security concerns. The US House Committee on Oversight and Government Reform was called upon to investigate if Trump’s money-making ventures are clashing with his responsibilities as an elected representative of the people.
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