Overview

• The Senate Permanent Subcommittee on Investigations is examining the $TRUMP token’s ownership and revenue model, citing potential conflicts of interest for President Trump.
• Legislation like the End Crypto Corruption Act seeks to ban presidents, lawmakers, and their families from profiting from cryptocurrencies, targeting ventures like $TRUMP and $MELANIA.
• Chainalysis data reveals 58 wallets profited over $10 million each from $TRUMP, while 764,000 smaller investors incurred losses, raising concerns about fairness and transparency.
• 76% of the $TRUMP token’s top holdings are linked to foreign investors, prompting national security concerns alongside ethics violations.
• The bipartisan GENIUS Act, aimed at regulating stablecoins, has stalled as nine Senate Democrats withdrew support, demanding stricter anti-corruption and consumer protection measures.