According to Bloomberg, multiple institutions believe that Trump's issuance of the Meme coin TRUMP is unethical. Danielle Brian, Executive Director of the Non Partisan Government Oversight Project, stated that memecoin is typically unrelated to any underlying business, making it highly speculative for investors and potentially lucrative for founders, further pushing the boundaries. Brian said, 'Any measures taken by the Trump Organization to demonstrate their concerns about potential conflicts, especially those involving foreign governments, seem to completely undermine their efforts.'.
Other groups raising concerns include the non-profit Campaign Law Center and the civic responsibility ethics organization in Washington, which sued Trump during his first term for violating the constitutional ban on foreign gifts and compensation, but was unsuccessful.
The obvious difference between cryptocurrencies is how quickly you can obtain unexpected wealth, "said Kedric Payne, General Counsel of the Campaign Legal Center
