President Donald Trump strongly denied allegations that he was benefiting from the controversial Mimi currency. The cryptocurrency soon drew the audience earlier this year for its high evaluation and close relationships with Trump’s organizations.
Speaking during a recent interview with NBC News, Trump distanced from the financial performance of the Mimi currency, and insisted that he had not actively participating in the project monitoring.
“I don’t benefit from anything,” Trump said. “I started this before the elections for a long time. I haven’t even seen it.”
It is worth noting that the Trump icon was launched on January 18, just two days before Trump’s inauguration of his new period, as a “official” Mimi currency on Solana Blockchain. Within 24 hours of launch, its value increased to $ 77, which prompted its fully diluted evaluation (FDV) to $ 62 billion. However, the currency decreased about 85 % of its highest level ever.
Trump’s comments came in response to questions related to the ethical effects of a seated president who supports an encrypted currency, especially one bearing his name and associated with the organizations associated with it. In April, a public advertisement calling for the best 220 holders of Trump’s symbol led to a dinner that includes Trump himself, causing a 60 % price in the currency and an explosion of activity on the chain.
The timing and effect of these ads has been pressed, Trump He said, “I didn’t even know what it rose. I have no idea. You must tell me. “ He also stressed the broader importance of encryption, saying, “I want encryption. I think the encryption is important because if we do not do it, China will go to.”
Despite his dismissal, Blockchain data appears that Cic Digital and combat control over 80 % of the total Trump Token supply, and all entities with ties with Trump.
Meanwhile, New York Times reports and Financial times suggest that the project has achieved great income for these entities. As of March, total revenues of fees and commissions related to the distinctive symbol reached $ 350 million. Meanwhile, investor losses were estimated by mid -February.
However, critics have argued that Trump’s involvement, even indirectly, could blur the line between the public service and the special gains. I remember that in February, the public citizen filed a complaint with the Ministry of Justice, claiming that Trump’s strengthening of Mimi Trump violated the federal laws that prohibit gifts of gifts by public officials. Earlier in January, Senator Elizabeth Warren called for investigations into the Trump and Memi coins.