Trump declares that his same is the best: the course flies away

President Donald Trump propelled the value of his official crypto ($ Trump) after having publicly supported him on social networks. This direct promotion of an asset held 80% by its affiliated companies raises important ethical and constitutional questions.

The crypto $ trump climbs after the president's support

Donald Trump praised the $ Trump token on his Truthocial social network on Sunday morning. At 10:33 am East, he launched a message: ” I love $ Trump! So cool! The best of all !!!!!!!!!!!!!!“”

This declaration immediately made the market react, propeling the price of the token to more than $ 12.25.

This crypto based on Solana blockchain recorded an increase of 7.7% over the day, reaching $ 11.67, according to the data de Coingecko. However, despite this increase, the token remains down 84% compared to its historic record of $ 73.4 reached during its launch in January.

Luis Buenaventura, crypto manager at GCASH, A noted To Decrypt that this price development reflects a limited market enthusiasm for this token, even if investors perceive its potential to generate short -term profits.

Major ethical and constitutional concerns

This direct presidential support for an crypto asset which he indirectly holds an important part raises serious ethical questions. According to the official documentation of the project, the companies affiliated with the president, CIC Digital LLC and Fight Fight Fight LLC, collectively control 80% of the total offer of the token.

Andrew Rossow, lawyer specializing in digital media, has identified three major constitutional issues related to this situation:

1. The emoluments clause (article 1, section 9) prohibited to an in -office president to receive financial advantages without the approval of the congress. The anonymous structure of token purchases could allow foreign actors to exert an undue influence.
2. The separation of powers (article II, section 3) is compromised when The president promotes a financial product linked to his personal wealthwhich weakens the authority of regulatory organizations such as dry and CFTC.
3. The provisions of equality of protection of the fifth amendment could be violated if a preferential treatment is granted to certain tokens, creating conditions of unequal competition on the cryptocurrency market.

This initiative is part of a broader strategy of President Trump, who had promised during his campaign to make the United States a world leader in the crypto. His projects include the establishment of a Bitcoin strategic reserve and a reform of American monetary policy.

Earlier this month, World Liberty Financial, another decentralized financial project associated with the Trump family, has generated around $ 390 million in revenues thanks to its second series of token sales.

The representatives of President Trump did not immediately answer requests for comments on these questions. Meanwhile, the US Congress is preparing the same act aimed at prohibiting political leaders from emitting or promoting cryptos.