Democratic senators request ethics probe into Trump meme coin dinner

Schiff and Warren demand inquiry into Trump meme coin dinner

Two Democratic senators called on the Office of Government Ethics to investigate a dinner President Donald Trump is holding for the biggest investors of his meme coin, $TRUMP. Earlier this month, Trump revealed that he would host a dinner at his private club in Washington, D.C., with the top 220 holders of the meme coin. The top 25 holders will also be invited to a pre-dinner reception hosted by the president and receive a White House tour. The …

Smaller Trump Memecoin Owners Drive Activity After Dinner Invite

Smaller owners of the Donald Trump memecoin appeared to be leading the spike in token transfers seen after the issuers of the cryptocurrency announced that the top holders will dine with the president.

Democratic senators request ethics probe into Trump meme coin dinner

Sens. Adam Schiff (D-Calif.) and Elizabeth Warren (D-Mass.) asked a federal ethics watchdog Friday to investigate a dinner President Trump is set to attend next month with the top investors in his meme coin.  The two Democratic senators requested that U.S. Trade Representative Jamieson Greer, who also serves as acting director of the Office of…

Trump Token Still Bullish Even After 4% Drop in 24 Hours, What Drives This Momentum?

In the world of crypto, nothing draws attention like a well-timed event. Before the Trump dinner invite was announced, analysts noticed a heavy whale accumulation of the Trump memecoin. However, the TRUMP token price is currently at $13.26, reflecting a 4% drop; its price is surging quickly. This shows investors’ confidence over the Trump dinner hype for the top 220 holders. This TRUMP memecoin ‘contest’ was termed “literally cashing in on the p…

Warren, Waters say NCUA lacks quorum to govern

Senate Banking Committee ranking member Elizabeth Warren, D-Mass., and House Financial Services Committee ranking member Maxine Waters, D-Calif., urged the National Credit Union Administration's Inspector general to look into President Trump's removal of two board members.

Trump Memecoin Drops Following Spike And Controversial Dinner

Official Trump memecoin dropped after a Monday morning rally as the opponents expressed concern over rewarding the coin’s biggest investors. What Happened: President Donald Trump linked the cryptocurrency increase to an intraday peak of $15.55 early in the morning but could not maintain the upward trend, sliding down to $14.20 overnight. The drop differed from the rest of the meme coin market, which observed its market value increase by more tha…