Public Citizen Calls for DOJ Investigation into Trump's $TRUMP Memecoin Promotion for Federal Law Violations

U.S. consumer advocacy organization Public Citizen has called for an investigation by the Department of Justice (DOJ) and the Office of Government Ethics (OGE) into President Trump's promotion of a digital currency associated with his name, referred to as a memecoin. The complaint alleges potential violations of federal law related to the promotion of the memecoin, which has been linked to accusations that the launchpad for the currency is hosting tokens impersonating law firms. The inquiry follows similar concerns raised by a U.S. watchdog regarding the legality of the memecoin's promotion and its implications for consumer protection.