Dems Have Questions About Trump’s Dinner With His Meme Coin Holders

It is not exactly a surprise in American policy when money generates access to political leaders, but there is usually at least an interface that makes it look a little less than it is. It is not the case with the $ TROMP currency, the MEME coin associated with President Trump, which recently announced that the best holders will get a private dinner with the free world leader. This level of Tit to reach Tat Access has led to alarm bells for some Democratic Senate members who have questions about the entire arrangement.

According to CNBC, senator Adam Chef and Elizabeth Warren sent a letter on Friday to the US government Ethics Office asking to conduct an investigation whether Trump provides dinner to anyone who puts enough money in Mimi’s currency as a violation of federal ethics.

“This last procedure raises dangerous ethics and legal concerns, including the severe risks that President Trump and other officials may participate in“ wage for play ”by selling presidential access to individuals or entities, to include foreign citizens and actors of companies with interests gained in federal work, while the president and his family personally enrich,“ Senators wrote, according to CNBC.

On his face, he appears to be a very legitimate concern. On Wednesday morning, the team behind the Memecoin $ Trump announced that the best 220 holders of the distinguished symbol will be invited to participate in a private dinner party with Trump on May 22 – in addition to receiving and dignitaries on a tour of the best 25 pregnant – where they promised that the president will talk about the “future of encryption”. Therefore, it is not only the constipation of the coin in the room with the president, but it is also possible to give you an internal path for its future policies in the encryption space.

The advertisement alone set the currency price, which has been in desire in recent months, as it increased by approximately 60 %, and broke the brand of $ 14 (still far from an increase of $ 75.35, which was hit by Trump’s position previously). This puts the money effectively in the Trump pocket. About 80 % of all Trump coins are owned by two entities: Cic Digital, a Trump company, and Fight Fight LLC, which is participating in waiting, Cic Digital. It also “receives trading revenues derived from trading activities,” according to the Trump currency website.

So, if you, for example, are a great encrypted or a foreign actor and you want to enter the president’s ear, in theory, all you have to do is spend a few million on this Memoin and you can sit with it. Earlier this year, the Securities and Stock Exchange Authority issued instructions on Mimi currencies stating that it will not be controlled by the agency, so you do not have to worry about your attempt to reach the scrutiny by the annoying organizers.

The concerns of members of the Senate, given the lack of public interest in organizational enforcement within the Trump administration and the lack of great interest in moral frameworks. But it is good at least refer to the elephant in the room from time to time to make sure everyone sees it.