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2d ago

Trump’s $TRUMP Memecoin Dinner Contest Draws Ethics Probe and Impeachment Call

The offer of exclusive presidential access to top $TRUMP investors has raised allegations of pay-to-play corruption, with Democratic senators demanding investigations and one calling for impeachment.

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U.S. President Donald Trump. (Stephen Lovekin/Getty)
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Overview

  • The $TRUMP memecoin team announced a private dinner for the top 220 token holders, scheduled for May 22 at Trump’s private golf club near Washington, D.C.
  • Democratic Senators Adam Schiff and Elizabeth Warren have formally requested an ethics investigation, citing concerns over potential pay-to-play corruption and foreign influence.
  • Senator Jon Ossoff has called for President Trump’s impeachment, arguing that selling presidential access via the $TRUMP memecoin is an impeachable offense.
  • Chainalysis data reveals nearly $900,000 in trading fees generated for Trump and his allies in two days following the dinner announcement, with 80% of the token supply controlled by Trump-affiliated entities.
  • The $TRUMP memecoin team has delayed insider token unlocks by 90 days, while the coin’s value surged over 50% after the announcement, raising its market cap to $2.7 billion.