US president Donald Trump gave answers to whether he had benefited from the crypto memecoin he launched in January, just days before he re -entered the White House.
To a wide range interview Along with Kristen Welker on the NBC News’ Meet The Press released on May 4, Trump said he was “not profiting from anything” when asked to respond to critics who said he was profiling from the presidency by Memecoin.
“So don’t you interact with cryptocurrency?” Welker asked Trump.
“I haven’t looked up yet,” Trump admitted.
“But I will tell you what. See, if I have to stock up on something and I do a great job, and the stock market will go up, I think I’m maximizing.”
Trump was launched his memecoinOfficial Trump (Trump), on January 17, hit a peak of $ 73.43 two days later, just a day before he was inaugurated as president on January 20, according to Coingecko.
The token is in a stable denial Since launched, but It went up late last month After its website offered top holders a chance to eat with Trump on May 22. It is currently trade at $ 11.35, down to almost 85% from its climax.
Trump does not seem to know the recent climb of his token, repeatedly asking how important it is today.
Two companies, the CIC Digital LLC, an affiliate of Trump’s organization of Trump, and Fight Fight LLC, owned by CIC Digital, which together owns 80% of the total 1 billion supply of token.
Most of those tokens will be locked and released over the next three years. The first one I -unlock on April 18 Seeing 40 million tokens, worth $ 454 million, went to CIC Digital.
Trump’s Memecoin project has made at least $ 350 million to date, according to a march Assessment From the Financial Times, found those behind the token made $ 314 million from selling them and $ 36 million from fees.
Trump criticized him There is a lot of Crypto dealThat his opponents say is a conflict of interest as he looks at the sector from the regulators.
Even at his own party, Republican senators Cynthia Lummis and Lisa Murkowski, criticized Trump’s dinner offer with her leading tokenholders.
Trump said at the time of the interview that he would contribute his salary to the president to “return to the government,” which motivated Welker to ask if he would also contribute to any potential crypto income.
“I didn’t think that,” Trump replied. “I mean. Should I contribute all my real estate to be my many years if I go up a little bit because I am president and doing a good job? I don’t think so.”
Trump tells the promise of crypto
In one part of the interview, Trump made a meandering statement that reiterated his promise to the campaign to support the crypto.
“I like crypto. I think crypto is important because if we don’t do it, China will go. And before that, it’s very popular, very hot,” he said.
https://www.youtube.com/watch?v=sumyysrjvzm
Trump claimed that former President Joe Biden “followed it violently, and then, before the election, he changed his tone” to get the crypto vote. Biden did not run against Trump in the final election, rather than giving the baton to President Kamala Harris.
Related: The first 100 days ‘worst of Trump in history’ in spite of the crypto promise
The president again made his point when talking to journalists at the White House South Lawn on May 4.
CBS News’ Jennifer Jacobs reported In X Trump said “Crypto is very important,” and wants to “put it away from China.”
He admitted that China would “take it, like AI, like so many other industries, or whatever you want to call them.”
Magazine: Crypto adventures of Trump’s crypto raises conflict of interest, insider trading questions
