US EditionBuyers of $TRUMP meme coin pay millions to win dinner with President Trump
- Donald Trump launched the $USTRUMP memecoin three days before his 2025 inauguration, promising top buyers a private dinner and White House tour as rewards.
- This event followed concerns that the memecoin could enable a quid pro quo, allowing large investors, including potential foreign actors, to buy influence with Trump.
- More than 60 large wallets profited nearly $1.5 billion while around 600,000 wallets incurred combined losses of about $3.9 billion, with significant trading after the dinner announcement.
- At a town hall on April 25, Democrat Jon Ossoff criticized the practice of providing access to events for individuals purchasing the memecoin, which financially benefits him, highlighting concerns shared across party lines.
- The controversy spurred Democratic efforts to pass the MEME Act to ban officials from issuing memecoins, but it likely faces resistance from Trump’s party and his ongoing influence.
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NYT Reporter: It's Not Corruption Unless The Envelope Says "Bribe" On It
Donald Trump launched a memecoin a few days before the inauguration of his second presidential term. Its sole purpose, to Trump, is unambiguous and unmistakable: It is a vehicle for him to become richer. Likewise, its only conceivable value to literally any other person or entity on the face of the earth is also quite clear: It is a way to buy favor from the president of the United States. Its very existence is an announcement: Here is how you p…
Coverage Details
Total News Sources26
Leaning Left6Leaning Right3Center6Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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