The public citizen takes over the Trump Meme coin; Will they crash?
The public citizen just threw the legal key in Trump’s Carm Cartea – calling it disguised by a gift and a national security risk. What’s cooking?
Trump Meme Kovanik Cube under the fire
The new controversy takes care of the crypt world, and in its center is no one other than the American President Donald Trump.
17. January, only a few days before his inauguration as 47. President of the United States, Trump’s official meme, official Trump (Abdomen), initiated public.
Adding France, his wife, Melania Trump, also introduced its own Meme-official meme Melania (Melanija) – who quickly attracted billions of liquidity.
Within 48 hours, the Trump Token is a value, reaching the market $ 15 billion before crashing at about $ 3.7 billion from 6. February, marking a significant decline.
5. February, State Citizen submit A formal complaint with the Ministry of Justice and the Office of the Government, arguing that promoting its own memes, Trump may have violated federal laws that prohibit sitting presidents from looking for personal gifts.
According to the public, 20. and 21. January, after he swore that President-Trump took over social media, and KS and the truth Social, to re-messages that his Token Meme promotes.
The group claims that it is that the coin sells as “meme” without the promised value or return, customers essentially just give a trump money and it becomes “rich”. If this is the case, it is not an investment – it is a gift and according to the law, it is a problem.
But there is a greater concern that extends beyond legal technical materials.
The constitutional clause belittles American presidents to accept money or gifts of foreign governments. With Cript’s decentralized and often anonymous nature, there is no way to verify who purchases Trump token.
This warns of a public citizen, creates a national security risk. If foreign entities quietly cross the trump money under the wide of buying coins, there is no system that would reveal it – let alone stop it.
Token billions of dollars and political debacular to digest
Records show This CIC digital LLC, a company associated with Trump organization and controls the confidence, has an 80% of the total offer of 999.99 million trump cards.
Since Donald Trump is the only user of this trust, any financial gain from the token – whether it is intentionally or not finally flowing directly.
Crypto.news before export It’s on the day of Trump’s inauguration 20. January, Forbes estimated that his net worth worth of 6.7 billion dollars.
On the same day, the total value of his role in Trump Token – 800 million unlocked tokens – was estimated at the then prices. According to its top price of $ 75, the valuation of Trump roles increased by $ 62 billion, almost ten times his declared net worth.
However, from this writing, the price of Trump token refused, bringing the estimated value of its share of up to $ 15 billion.
Although it is significantly lower than its peak, the valuation of Trump token remains more than doubling its net worth, which is financial entanglement between its political influence and personal property during the current interest.
And that’s not the only red flag. Reports show that 94% of the trump and melanial token holds only 40 wallets – a level of concentration that can be easily used for insider traders or pump and landfills.
Meanwhile, market instability has already hit a coin. The value of the Trump token has discarded 32% In the past week, the decline is related to the broader crypto turbulence and decisions on treasurial economic policy, including the proposed tariffs in China, Canada and Mexico.
However, some of these tariffs have been temporarily rolled backleading to the market recovery.
Legal gray areas and political pressure
The reinforcement of citizens’ citizens follows growing supervision from democratic legislators. 22. January, Senator Elizabeth Warren called For the investigation of Trump widths greater for Meme coins.
At the same time, the Gerald Connolli representative was raised worry via Trump financial affairs with world freedom’s financial freedom (Vlfi), Another crypto entity that is reportedly connected.
At this stage, it remains unclear whether the breast or ohe will take formal action. Historically, the seats are approved in broad freedom in financial issues.
Even the Supreme Court Government 2024. Years founded President for presidential immunity in certain cases, potentially complicate all legal efforts to hold Trump responsible.
However, this immunity cannot be extended to the actions taken for personal profits while functioning. If the investigation detects that Trump personally benefited from the sale of coins, while his presidency was used to promote them, it could set a legal precedent with far-reaching consequences.
The public citizen presented several possible actions if Trump was found in violation of the Federal Law, including the stop sales, returning funds to customers and conduct additional penalties.
Meanwhile, Trump supporters largely rejected polemics. Some claim that Crypto is a new financial stop that existing laws do not fully cover, while others see it as just another chapter in the current political fight between Trump and its critics.
Meme coins “wild west” meets regulatory reconzation
For years, Meme Coins managed in a chaotic environment in which speculation surpasses the substance, and viral trends can be joking in a fortune in a billion dollars overnight. But to run into serious resistance to the Learn Ery.
Legal challenges are reduced from all instructions, and events in the last few weeks suggest that the screws tighten on the coins like never before.
5. February, pump.fun, Solana (Salt) based on the platform known for the launch of Meme coins with little supervision, received Termination and abandonment of Burvick and Wolf Popper LLP law.
The letter accuses pump.fun enabling the creation and sale of tokens that abuse names, logos and branding without permission.
One of the goals is dogshit2, token allegedly designed to represent the Burvick Lavar. The firm demanded that it would follow its immediate removal or further legal action.
For pump.fun, this is the latest in a bend legal problems. The platform is already facing two classes-shares lawsuits Guided by the Burvick law.
First lawsuit, submitted on 16. January, claiming that Peanut Squirrel (Like), One of the many Meme launches launched on the platform, was an unregistered security that was promoted through HIPENC.
Others, submitted on 30. January, aimed at the Pump.fun operator, Baton Corporation Ltd, accusing them that they will drive Ponzi-like scheme.
According to the complaint, Pump.Fun raised almost $ 500 million fees while facilitating the launch of varpire tokens left investors with useless funds.
The road ahead
The key question is no longer only whether there should be Mema coins, but who should be responsible when raising ethical or legal concerns.
Should the platforms such as Pumps.Fun responsible for the tokens launched on them? Should public data such as Trump benefit from unregulated digital funds unattended?
If the legal action against both still get tow, they could influence the future of meme coins – not only in the way they are traded, but whether access to the free market is still sustainable.
As the regulatory test increases, the coin memes can face higher supervision than ever before.
Whether they develop in a structured, regulated by the property class or see restrictions that limit their growth will depend on how these legal battles go in the coming months.
https://crypto.news/app/uploads/2024/11/crypto-news-Donald-Trump-USA-option01.webp
2025-02-06 23:09:00
