“Explain It To Me”: Green Presses Bessent On Trump Coin

Release: 2026/09/20 01:00 Reading: 0

Original author：DC Brief

Original source：https://www.youtube.com/embed/A4qz1Iodgsg

A pointed exchange unfolded when Rep. Al Green questioned Treasury Secretary Scott Bessent about President Donald Trump’s official meme coin and how investors can derive value from a digital token. Green pressed Bessent on whether profits from the coin ultimately depend on another buyer paying a higher price. He then challenged Bessent over the distinction between a speculative meme coin and a Ponzi scheme, arguing that the structure raises serious questions about investors, fees, and accountability. Bessent pushed back, saying he did not believe the token met the criteria of a Ponzi scheme and compared the broader principle of market appreciation to other assets. Recent blockchain analysis reported that nearly one million wallets had collectively lost about $3.8 billion on the $TRUMP memecoin by the end of June 2026, while Trump’s financial disclosure reported roughly $636 million in income tied to the token. #AlGreen #ScottBessent #TrumpCrypto #TrumpMemeCoin #CryptoNews #Congress #USPolitics

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