Overview

• President Trump announced an exclusive gala dinner for the top 220 holders of his $TRUMP meme coin, with the top 25 also receiving a VIP White House tour.
• The announcement caused a 60% surge in the token's price, raising its market value to approximately $2.7 billion.
• Senators Elizabeth Warren and Adam Schiff formally requested a federal ethics investigation, citing risks of bribery and emoluments violations.
• Some Senate Republicans, including Cynthia Lummis and Lisa Murkowski, expressed unease and called for clearer regulations on digital assets and presidential ethics.
• The event highlights a regulatory gap, as no existing laws explicitly prohibit selling presidential access through cryptocurrency investments.