Public Citizen Urges DOJ Probe Into Trump's TRUMP Token Promotion Over Gift Solicitation, Foreign Payment Concerns

Public Citizen, a U.S. nonprofit watchdog group, has filed a formal complaint with the Department of Justice and the Office of Government Ethics, requesting a federal investigation into allegations that President Donald Trump violated federal laws by promoting a Solana-based memecoin, the TRUMP token.

The complaint cites concerns over Trump's potential solicitation of gifts and the risk of untraceable foreign payments, which could breach the Emoluments Clause of the U.S. Constitution. The watchdog group recommends halting the sales of the TRUMP token and returning funds to investors.

The TRUMP token, which reached a $15 billion market cap within 48 hours of its launch, is 80% owned by CIC Digital LLC, an affiliate of The Trump Organization controlled by Trump's revocable trust. Public Citizen argues that allowing such solicitations could normalize the exploitation of public office for personal profit, potentially eroding federal ethics laws.

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