Overview
In Washington, D.C., Democratic lawmakers have raised alarms over a dinner hosted by U.S. President Donald Trump for the top holders of his memecoin, expressing they view it as corrupt. The dinner is taking place at the Trump National Golf Club, igniting discussions on the implications of foreign buyers engaging with the token.
Key Developments
- Lawmakers indicated actions such as the potential for lawsuits and new legislative measures to tackle perceived corruption surrounding Trump’s crypto dealings.
- Justin Sun, the creator of Tron, has taken center stage, boasting of being the largest holder of Trump’s memecoin.
- Senator Richard Blumenthal referred to the dinner as effectively putting a “for sale” sign on the White House, alluding to the commodification of access to the president through token purchases.
New Legislation
Representative Maxine Waters introduced a bill aimed at preventing public officials from engaging in crypto asset dealings that may lead to ethical violations, titled the Stop TRUMP in Crypto Act.
Protests Planned
Prominent Democratic senators including Elizabeth Warren and Jeff Merkley, have scheduled protests and press conferences, insisting on transparency regarding the attendees of the dinner, reflecting a growing divide within the Democratic Party regarding crypto regulation.
In a press statement, Warren referred to the dinner as an “orgy of corruption” and called for a guest list to be released, emphasizing concerns about foreign influence and national security in relation to these tokens.
Stay updated on the situation as it develops.
