One of the biggest events in the crypto world in 2025 was the launch of Donald Trump’s official meme token. Its debut sparked euphoria among investors who believed in a bright future for the blockchain industry, but in reality, things turned out quite differently. The TRUMP token drained liquidity from altcoins, causing their sharp decline.Then, the president’s own coin crashed as well, further deepening the market collapse. Now, Trump has commented on what’s happening with his creation, drawing criticism in the process. What's going on with Trump's meme token The topic of digital assets came up in Trump's big interview on NBC News with Kristen Welker. The president noted that he has ”not profited from anything” related to cryptocurrencies. At the same time, he was quick to admit that he did not specify whether his team had actually recorded any profits. This means that Donald Trump is not interested in the situation on the coin market beforehand, because of which his answers were called contradictory. Welker asked a clarifying question that went as follows. “So you’re not profiting off of the cryptocurrency at all?” Welker asked Trump. “I haven’t even looked,” Trump admitted. “But I’ll tell you what. Look, if I own stock in something and I do a good job, and the stock market goes up, I guess I’m profiting.” The situation with the TRUMP meme token does not look the best. Today, the digital asset is trading at $11. Accordingly, it has lagged behind the record $73 of January 19, 2025 by approximately 85 percent. The price was gradually declining after reaching an all-time high. However, the trend changed at the end of April, when it became known about the organization of a meeting with the U.S. president for the largest token holders. This provoked an increase in demand for the coin and a corresponding jump in its rate. Trump has repeatedly specified what the current TRUMP rate is. It can be assumed that he really does not follow what is happening with cryptocurrencies. Recall that 80 percent of the maximum offer of the meme token TRUMP is owned by two companies - CIC Digital LLC and Fight Fight Fight LLC. The former is a branch of the large-scale Trump Organization, and the latter also belongs to CIC Digital LLC. Most of the tokens are locked and are in so-called vesting, which involves the gradual unlocking of a certain amount of coins over time. The first unlock took place on April 18, after which CIC Digital received 40 million tokens worth $454 million. The Financial Times analysis from March claims that the creators of the meme token have already received at least 350 million dollars on this project. In particular, it was about the sale of TRUMP in the equivalent of 314 million and earnings on commissions of 36 million. The decision to organize a meeting with the largest token holders drew criticism from the president's opponents, who called the situation a conflict of interest. Nevertheless, the announcement led to a jump in the TRUMP exchange rate, which also earned the development team money. According to sources, Republican Senators Cynthia Lummis and Lisa Murkowski also voiced criticism of the initiative. During an interview on NBC News, the US president promised to transfer his salary ”back to the government”. Because of this, Welker asked if Trump plans to transfer any share of the income from digital assets. I never really thought about it. I mean, am I now supposed to give away all the real estate I've owned for years just because it went up a little bit in value because I'm president and doing a good job? I don't think so. Also, the president reiterated his promise to support the field of digital assets. He repeatedly spoke about it back during the election campaign. I want cryptocurrency. I think it's important because if we don't do it, China will. And it's new, it's popular, it's on the wave. According to Trump, former US President Joe Biden fiercely fought against crypto, but before the election, he drastically changed his stance in an attempt to gain votes. In the end, though, the Democratic nominee was still Kamala Harris. Trump's criticism over cryptocurrencies Meanwhile, the US President also received a portion of criticism because of another cryptocurrency project associated with him. In particular, Senator Elizabeth Warren expressed concern about a $2 billion deal between World Liberty Financial, a company linked to Donald Trump's family, and an investment firm from the UAE called MGX. The deal calls for World Liberty Financial's new USD1 stablecoin to be used for MGX's investment in cryptocurrency exchange Binance. Warren believes this creates a potential conflict of interest and could threaten U.S. national security. Warren posted the following tweet today, attaching a clipping from a recent Trump interview. The senator also criticized the GENIUS Act bill, which is supposed to establish federal regulation of stackablecoins. In her opinion, the current version of the bill does not contain sufficient measures to prevent money laundering and control foreign issuers of stablecoins. This bill would make it easier for the president and his family to profit from their own stablecoin and control their own financial company. As a result, Warren is urging his Senate colleagues not to support the bill without amendments. The bottom line Against the background of new political scandals and Donald Trump's ambiguous statements, it is becoming increasingly obvious that the TRUMP meme-token is not just an investment asset, but a political instrument with high risks. Given the lack of transparency and possible conflict of interest, investors should be especially careful.