Consumer advocacy group, Civilians, has promoted the Department of Justice (DOJ) and the Office of Government Ethics to President Donald Trump’s memo coin “Trump” allegedly violated federal law for soliciting gifts. I’m asking you to investigate.
In an open letter, advocacy groups worked on the DOJ’s Public Integrity Section and OGE, claiming that Trump’s promotion in the so-called “Trump Meme” token could violate 18USC §20, with government officials saying “gifts” It is prohibited to ask for it. Federal law allows the president to receive gifts, but the guidelines still expressly prohibit solicitation, enforcement, or acceptance in exchange for official conduct.
Civics are targeting President Donald Trump via Trump Memocoin
Trump encouraged his followers to buy Trump Memecoin through social media posts on January 17th and January 21st, describing it as the “only official Trump meme.” Websites promoting the tokens reveal that 80% of the projects are owned by CIC Digital LLC, an entity associated with Trump organization and Donald J. Trump’s revocable trust.
The letter reads: “Therefore, those who send money for Trump memes are not buying concrete products. Instead, they only receive digital receipts (in the blockchain), which is a check. It’s similar to donors who send and digitally confirm that the check has been received.”
“A president who seeks money from the public for his personal enrichment will be abusive that can condemn the presidency,” said Bartlett Naylor, a public financial services advocate. “The Justice Department and the Office of Government Ethics require Americans to thoroughly investigate whether Donald Trump’s solicitation is in violation of the law.
Civics also highlighted the scenario in which foreign companies use Memocoin purchases as a way to make a financial impact on Trump. According to the entity, his project is a big red flag under the emolations clause.
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