US Representative Gerald Connolly has called for immediate action to address concerns about President Donald Trump’s financial entanglements, particularly in the crypto space. 

In a letter, Connolly asked the House Oversight and Government Reform Committee to investigate potential conflicts of interest tied to Trump’s involvement in crypto ventures, which he argues could undermine presidential ethics and transparency.

Trump’s Meme Coin: A Threat to Transparency and National Security?

Connolly’s letter focuses on Trump’s role in launching World Liberty Financial (WLF), a crypto project inspired by Trump’s vision of financial independence.

According to reports, Justin Sun, the founder of Tron, has made significant investments in WLF. Connoly said Justin Sun is a foreign entrepreneur under investigation by the US SEC for alleged securities fraud related to his own crypto ventures.

Sun’s $30 million investment in WLF tokens reportedly allowed the platform to meet its revenue target, potentially funneling money directly to Trump and his family.

“The expanding scope of President Trump—and by extension The Trump Organization’s—financial entanglements and quid pro quo promises are troubling,” Connolly wrote.

He insists that the Oversight Committee must investigate these ventures under the provisions of the Presidential Ethics Reform Act. While WLF’s tokens do not offer a legitimate financial return, Connolly warns that they present an easy mechanism for individuals and foreign entities to gain favor with the Trump family.

Trump’s other crypto involvements added to the concerns surrounding WLF. Just days before his inauguration, Trump launched a meme coin called “TRUMP.”

The TRUMP token has already garnered a fully diluted valuation nearing $40 billion. The “Official Trump” token, launched last week, experienced a rapid surge of over 1,100%, rising from $6 to $75 within a few hours. However, as of writing, it is trading at around $37.93.

When asked about TRUMP at a recent conference, the President appeared uncertain about its details. 

“I don’t know where it is. I don’t know much about it other than I launched it, other than it was very successful,” Trump said.

Moreover, Congresswoman Maxine Waters said the TRUMP meme coin “represents the worst of crypto.”

“Through his meme coin, Trump has created a way to circumvent national security and anti-corruption laws, allowing interested parties to anonymously transfer money to him and his inner circle,” Waters said in a January 20 statement.

She added that anyone around the world, including individuals who have been sanctioned by the US, can now trade and profit from TRUMP.

VIRTUAL price has surged 15% in the last 24 hours following Donald Trump’s $500 billion investment in AI infrastructure, reigniting interest in AI-related cryptos. Despite this strong performance, VIRTUAL is still working to regain its momentum in 2025 after a sharp 55% correction between January 2 and January 13.

Indicators like RSI and BBTrend suggest a cautious recovery, with sentiment showing signs of improvement but not yet fully supporting a sustained uptrend. As VIRTUAL navigates key resistance and support levels, the coming days will be crucial in determining whether this rally marks the start of a stronger trend or another short-lived surge.

VIRTUAL RSI Is Currently Neutral

VIRTUAL Relative Strength Index (RSI) is currently at 51.1, slightly down from its earlier peak of 56 but marking a recovery from the previous four days when it fluctuated between 35 and below 50.

This movement into the neutral zone suggests a shift in market sentiment, with buying and selling pressures now more balanced. The recent rise above 50 indicates the possibility of building momentum, though it remains to be seen whether this can lead to sustained bullish activity.

RSI is a momentum indicator ranging from 0 to 100, used to measure the speed and magnitude of price movements. Values below 30 typically signal oversold conditions and potential price rebounds, while values above 70 suggest overbought conditions and possible corrections.

With VIRTUAL RSI at 51.1, the market sentiment appears neutral, showing no strong bias in either direction. If the RSI begins to rise further above 60, it could signal increasing bullish momentum, whereas a drop back below 50 might indicate a return to weaker conditions.

VIRTUAL BBTrend Stays Low Despite Recent Price Surge

VIRTUAL’s BBTrend is currently at -21.5, its lowest level in a week, despite the ongoing price surge fueled by Donald Trump’s $500 billion investment in AI infrastructure. Just two days ago, BBTrend stood at -1.49, highlighting a sharp decline in trend strength.

This suggests that while the price is rising, the underlying momentum may not be strong, raising questions about the sustainability of the current surge.

BBTrend, derived from Bollinger Bands, measures the strength and direction of a trend. Positive values indicate a bullish trend, while negative values suggest bearish conditions. With VIRTUAL’s BBTrend at -21.5, it signals weak or potentially reversing momentum, even in the face of recent bullish price action.

This could mean that the price surge is driven by short-term sentiment rather than strong underlying support, leaving VIRTUAL vulnerable to a potential retracement if momentum around AI cryptos does not improve.

VIRTUAL Price Prediction: Will the Current Uptrend Continue?

VIRTUAL’s EMA lines remain in a bearish setup, with recent data suggesting its revenue is down 99%. The short-term lines are rising, indicating improving momentum and the potential for a golden cross — a bullish signal where short-term averages cross above long-term ones.

If this occurs, VIRTUAL price could see a surge in price, testing resistance levels at $3.27 and $3.73. A breakthrough beyond these levels could lead to a test of $4.13, signaling a strong recovery.

On the downside, if the current momentum fades, VIRTUAL could retrace to test support at $2.81. A break below this level would expose it to further declines, with $2.22 as a potential lower target, threatening VIRTUAL’s position as the leading crypto AI agent coin.