BlockBeats News, May 5th - During an interview on Meet the Press, Trump denied profiting from his presidency. Host Welker specifically asked him about his cryptocurrency, TRUMP. According to Chainalysis data, last month, in just two days, Trump and his allies earned nearly $900,000 in transaction fees through this token. This sudden increase came after the token's official website announced that the top 220 token holders would have the opportunity to have dinner with the president.

Welker asked Trump about this situation in response to the perception that he was "profiting from the presidency." Trump replied, "I have not profited from it."

Welker asked Trump again, "So you haven't profited at all from cryptocurrency?" "I haven't even looked," Trump replied, adding, "If I own stock in a company and I'm doing well, the stock market is up, I guess I'm profiting."

After the dinner announcement, the price of the TRUMP token surged over 50%. According to the project's website, around 80% of the TRUMP token's 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 event constituted ethical violations, although it may not be illegal. Some Republican lawmakers supportive of Trump have expressed concerns, while prominent critics including California Democratic Senator Adam Schiff and Massachusetts Democratic Senator Elizabeth Warren have urged the U.S. Government Ethics Office to investigate.

Since Trump's first term, he and his family members have been accused multiple times of profiting from the presidency. Republicans often defend him, arguing that this is just a continuation of Trump's long business career and is not objectionable.