Catherine Rampell from The Washington Post alleges that $TRUMP memecoin, associated with Donald Trump, is potentially being used to evade U.S. oversight through foreign transactions.
$TRUMP’s alleged misuse raises concerns about foreign influence and market disruptions, underscoring potential regulatory challenges and the need for transparency in cryptocurrency activities.
The allegations center on President Trump’s involvement with the $TRUMP memecoin, accused of facilitating foreign bribes. The claims originate from Catherine Rampell, targeting potential breaches of the U.S. Constitution’s Foreign Emoluments Clause.
Allegations of Bribery Via $TRUMP Memecoin
“President Trump is using his $TRUMP memecoin to accept foreign bribes, violating the U.S. Constitution’s Foreign Emoluments Clause.” – Catherine Rampell, Washington Post columnist.
Rampell alleged that $TRUMP insiders transferred tokens to overseas platforms, possibly avoiding U.S. oversight. No direct comments from Trump or $TRUMP executive members were found in publicly available sources, raising questions about their role.
Rampell’s Ponzi Scheme Claims Stir Debate
Rampell’s description of the coin as a Ponzi scheme has stirred debate, with foreign entities possibly buying in to influence Trump amid these claims.
No official financial records or institutional investments were linked to $TRUMP. The lack of on-chain data such as liquidity or staking flows about $TRUMP creates ambiguity. Regulatory probes like SEC or CFTC have not issued statements, leaving the coin’s impact ambiguous within the broader crypto landscape.
Historical Emoluments Issues and Digital Assets
Similar to previous emoluments issues, $TRUMP is seen as a novel method for alleged bribery, akin to foreign transactions involving Trump hotels. This emphasizes the evolving nature of potential corrupt practices via digital assets.
Expert opinions from Kanalcoin suggest that these events lack historical precedence due to their unique digital angle. Historical trends show that regulatory responses may follow the crypto bill expected with a 70% passage chance by mid-2026.
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