Donald Trump is reportedly under scrutiny for allegedly using the presidential seal at a private event for $TRUMP coin holders, which could breach legal restrictions on the seal’s use.
The use of the presidential seal in such a manner could result in severe legal consequences, including fines or imprisonment, as per Title 18, Section 713 of the U.S. Code.
There is a mixed market reaction to the incident. While some see it as innovative, others express ethical concerns, impacting the $TRUMP token, which has shown significant market fluctuations.
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