White House weighs in on why Trump plans to attend memecoin dinner
- Donald Trump plans to host an exclusive dinner on May 22 at his Washington, D.C. Golf club for about 200 top investors in his memecoin $TRUMP.
- $TRUMP launched shortly before Trump’s inauguration has attracted large purchases, many from foreign wallets using exchanges unavailable to U.S. Residents.
- The meme coin has generated hundreds of millions in fees and investment gains, while Senate committees investigate possible conflicts and allegations of pay-to-play corruption.
- Senators described the scheme as “pay-to-play” corruption where foreign or wealthy interests buy tokens for privileged access to the president.
- The controversy has delayed crypto legislation, with lawmakers debating ethics and possible new rules restricting officials from launching meme coins.
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Dinner with the President and White House Tour for TRUMP Memecoin Holders Are Facing Heavy Criticism for Conflicts of Interest.
·Viet Nam
Read Full ArticleDonald Trump enriches himself and his environment with methods that are actually a no-go for elected politicians. Criticism is getting louder and louder.
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