Massachusetts Republican John Deaton has raised concerns about President Trump’s involvement with meme coins like $Trump and $Melania. As a cryptocurrency advocate, Deaton expressed worries that political stances on crypto could shift too drastically, potentially leading to conflicts of interest if foreign entities can profit from the trend. He also offered a potential compromise, suggesting donating profits from such ventures to disaster relief efforts, though he has not decided whether to run again after his unsuccessful 2020 campaign against Elizabeth Warren.
Source: https://www.cbsnews.com/boston/news/john-deaton-president-trump-memecoin