I am not sure how correct the information is neither, but I would say that could be very well true. Also, this doesn't even count the money that Trump family made from both coins, when people literally bought directly from them, which is insane, and just basically explaining how we could do whatever we want, and get away with it in the crypto world.

Obviously he is the president, so not like he will be given any penalty just because he created a memecoin, but he took money from people knowing he doesn't care what happens to the coin, so it's literally free money to his pocket, and somehow, that's alright for him, no idea how that's fine. Congress is republican, senate is republican, VP and president is republican, scouts is mostly republican, so in theory, it's full on republicans that control the nation at the moment, doubt anything could happen to him if he just shot down a person on the street live on tv.