The consumer advocacy group, Public Citizen, has called for an investigation into President Donald Trump's promotion of the memecoin 'TRUMP'. They argue that his promotion could violate federal laws against soliciting gifts, as Trump encouraged followers to purchase the token through his social media posts. The group claims that the token's website reveals a connection to the Trump Organization and Donald J. Trump Revocable Trust. Public Citizen also raises concerns about the potential for foreign entities to use memecoin purchases to financially influence Trump, which they argue violates the Emoluments Clause. The group urges the Department of Justice and the Office of Government Ethics to thoroughly investigate the matter.



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