In an online segment of NBC's Meet the Press, Kristen Welker challenged President Trump over potential profits from the $TRUMP meme coin, which surged in value coinciding with Trump's planned dinner with its top holders. Estimates suggest Trump's crypto holdings could be valued at around $2.9 billion. Despite concerns from ethics watchdogs and Democratic senators alleging a pay-to-play scheme, Trump asserted he has no personal financial gain and advocates for cryptocurrency's importance in the U.S. market compared to global competitors, particularly China.
I'm not profiting from anything, Trump replied. All I'm doing is, I started this long before the election. I want crypto.
If you look at the market, when the market went down, that stayed much stronger than other aspects of the market.
Look, if I own stock in something and I do a good job, and the stock market goes up, I guess I'm profiting.
But who really profits is somebody like Nancy Pelosi, who uses inside information. She worked for $175,000 a year, and that's at the high end.
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