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4w ago

Ethics Probe Requested Over Trump $TRUMP Coin Dinner Offering Presidential Access

Senators Warren and Schiff call for an investigation into potential pay-to-play corruption and foreign influence risks tied to a planned dinner for top $TRUMP token holders.

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Donald Trump faces ethics scrutiny over $TRUMP coin dinner for top investors, senators demand probe

Overview

  • Senators Elizabeth Warren and Adam Schiff formally requested the Office of Government Ethics to investigate President Trump's planned May 22 dinner for top $TRUMP token holders.
  • The event offers the top 220 token holders an exclusive dinner at Trump National Golf Club, with the top 25 receiving additional VIP access and a White House tour.
  • Concerns have been raised about potential pay-to-play corruption and the possibility of foreign actors anonymously purchasing tokens to gain influence with the president.
  • The price of the $TRUMP token surged nearly 60% following the dinner announcement, boosting the market cap to over $3 billion and increasing Trump-affiliated wallet values by an estimated $100 million.
  • The senators' letter also questions the lack of clear federal ethics guidelines regarding digital assets and highlights potential risks of blending public office with private financial ventures.