Trump denies profiting from the presidency and cryptocurrency

According to BlockBeats, on May 5th, in an interview with Meet the Press, Trump denied profiting from the presidency. Host Welker specifically asked about his cryptocurrency TRUMP. According to Chainalysis, in just two days last month, Trump and his allies earned nearly $900000 in revenue from the transaction fees of the token. This surge comes after the official website of the token announced that the top 220 token holders will have the opportunity to have dinner with the president. Welker asked Trump about this situation and responded to the outside world's claim that he "profited from the presidency". Trump replied, "I didn't profit from it." Welker asked Trump again, "So you didn't profit from cryptocurrency at all?" "I didn't even look," Trump replied, adding, "If I hold stocks of a company and I do well, and the stock market rises, I think I've made a profit After the dinner news was announced, the price of TRUMP token soared by over 50%. According to the project website, approximately 80% of the TRUMP token supply is controlled by the Trump organization and its affiliates. Last week, campaign finance and government accountability experts told NBC News that the token and dinner incident constituted a moral violation, although it may not be illegal. But some Republican lawmakers who support Trump have expressed concerns about this, while prominent critics including California Democratic Senator Adam Schiff and Massachusetts Democratic Senator Elizabeth Warren have urged the US Government Ethics Office to investigate. Since Trump's first term, he and his family members have been repeatedly accused of profiting from the presidency. Republicans usually defend it, saying that this is just a continuation of Trump's long-term business career and is understandable.