Public Citizen, a U.S. nonprofit watchdog, has called for a federal investigation into former President Donald Trump for allegedly promoting a Solana-based meme token, TRUMP, which they claim violates laws against gift solicitation. The complaint, filed with the Department of Justice and the Office of Government Ethics, highlights concerns over untraceable foreign payments tied to the token's sales. It argues that Trump is soliciting money in exchange for personal benefits, violating federal laws and ethical guidelines. The complaint raises issues about the potential for foreign entities to exploit the anonymity of cryptocurrency purchasing, which could violate existing bans on foreign gifts to U.S. officials. The organization urges a termination of TRUMP token sales and a refund to investors, asserting that unchecked solicitation for personal gain undermines federal ethics laws. The TRUMP token's value has decreased by 32% recently, reflecting the broader volatility in the crypto market.

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