Senator Chris Murphy Accuses President Donald Trump of Orchestrating a Bribery Scheme Involving His TRUMP Meme Coin

Senator Chris Murphy has accused President Donald Trump of “running a backdoor bribery scheme,” alleging that his personal cryptocurrency allows CEOs and foreign oligarchs to secretly send him money in exchange for favors.

Senator Chris Murphy has accused President Donald Trump of orchestrating a bribery scheme involving his TRUMP meme coin, raising concerns about its potential misuse in political influence.

In a recent post on X, Senator Murphy accused President Trump of “running a backdoor bribery scheme,” alleging that his personal cryptocurrency allows CEOs and foreign oligarchs to secretly send him money in exchange for favors.

Good morning.Today is the 80th day that the U.S. President is running a backdoor bribery scheme in which any CEO or foreign oligarch can send him money secretly through his crypto coin scam in exchange for favors.It's the biggest scandal in the history of the Presidency.

“It’s the biggest scandal in the history of the Presidency,” Senator Murphy claimed in his post.

Senator Murphy’s accusation was met with doubt from some users, with one asking if he had evidence to support his claim. Another user responded by citing that “all transactions are on the blockchain,” emphasizing that, due to the transparent nature of blockchain technology, the transactions could not be entirely secret.

All transactions are on the blockchain, so I'm not sure how secret it can be. I would love to see your research into these allegations.

The TRUMP meme coin was launched in January 2025 as a digital asset associated with the president and his wife, Melania. The coin is hosted on the Solana blockchain and was initially introduced as a collectible, with a total of 200 million tokens made available for public sale. An additional 800 million tokens are controlled by entities connected to Trump.

The launch of $TRUMP generated significant buzz, quickly reaching a market capitalization of over $27 billion. However, the coin has faced substantial volatility since its introduction, particularly after the launch of Melania Trump’s own meme coin, $MELANIA, which further contributed to the downward trend in value.

Murphy Alleges Insider Trading Following TRUMP Meme Coin “Scheme”

Senator Murphy’s accusations come after President Trump reversed his stance on recent tariffs, opting to pause them for 90 days in response to growing market instability.

Senator Murphy has also condemned the President’s decision, asserting that “an insider trading scandal is brewing.” In a separate post on X, Senator Murphy questioned a statement made by President Trump on his social media platform, Truth Social, which suggested that the recent massive sell-off in stocks might soon come to an end.

An insider trading scandal is brewing. Trump's 9:30am tweet makes it clear he was eager for his people to make money off the private info only he knew. So who knew ahead of time and how much money did they make? pic.twitter.com/AJbtEq372n

“Trump’s 9:30am tweet makes it clear he was eager for his people to make money off the private info only he knew. So who knew ahead of time and how much money did they make?” Murphy wrote.

“THIS IS A GREAT TIME TO BUY!!! DJT,” President Trump wrote in a post shortly before 1:30 p.m., moments ahead of announcing a temporary pause on tariffs. The announcement triggered a major rally on Wall Street, with the Nasdaq posting its strongest single-day gain since 2008 — up nearly 12%. The S&P 500 rose 9.5%, while the Dow Jones Industrial Average jumped roughly 2,800 points, a gain of 8%.