Trump added an assertion that the Wallace incident combined with NASCAR's ban on the Confederate flag at its races have led to historically low television ratings for the stock-car circuit.
Trump has previously said he would veto defense spending legislation calling for changing the names of military bases named after Confederate military generals and said that the phrase "Black Live Matter" is a "symbol of hate".
NASCAR president Steve Phelps has bristled at suggestions the noose was a hoax.
A day later, Wallace said he was thankful that the noose wasn't intended for him, but he doesn't think the ensuing investigation was an overreaction.
The "hoax" in question refers to an incident where what had appeared to be a noose found in Wallace's garage recently was actually just a pull rope and not meant to terrorize the driver. He also said ratings for NASCAR races have plummeted since it banned the Confederate flag from events.
But, following the findings of the report, President Trump has inserted himself into the conversation and suggested that Wallace - despite initially being the perceived victim of the situation - should apologize to his fellow drivers and teams.
It was the only garage pull out of 1,684 stalls at 29 inspected NASCAR tracks to be fashioned as a noose.
Wallace posted a statement Monday afternoon with a message to people about responding to "the hate being thrown at you with LOVE!"
After the rope was discovered at the garage Wallace was assigned at the Talladega Superspeedway track, NASCAR officials quickly informed law enforcement officials about the possible hate crime.
Wallace has become an inexplicable target for conspiracies after federal investigators said that the noose found in his team's garage stall at Talladega was not a hate crime.
So at best what we're looking at is a awful misunderstanding in which Bubba saw a noose and was understandably shook.
Said Murstein, "I find it hard to believe that the President would send out such a misinformed tweet".
Not surprisingly, Kayleigh McEnany took the President's side in the argument.
"I could of course go on and on, but a picture is worth a thousand words".
The ratings claim was also refuted by a Fox Sports executive, who pointed to an 8% jump in NASCAR's ratings since the series returned from its pandemic-enforced shutdown in May. "We are proud to see so many stand up for what's right". Both Pocono races were the lowest-rated weekend Cup Series races in 2020.