In small
- Legislators Warren and Schiff urged the Office of Government Ethics to look into the Trump Dinner
- The notice cites risks of international payments through private bitcoin investments to gain influence
- The Republican token has progressively ticked upward since the dinner’s announcement
Senators Elizabeth Warren (D-MA ) and Adam Schiff (D-CA ) demanded an ethics investigation on Friday into President Trump’s invitation, which offered top holders of his meme coin an “intimate, private dinner” at his golf club.
These actions raise “grave ethics and legal concerns, including the significant risk that President Trump and other officials may become engaging in’pay to perform’ problem by selling political access,” the solons wrote in their April 25 notice to the Office of Government Ethics.
Warren and Schiff’s concerns centre on the campaign announced last Wednesday, which offered the best 220 registered holders of the TRUMP Solana key exclusive entry to a May 22 supper at Trump National Golf Club.
Of these, the top 25 buyers were to get a VIP greeting with President Trump. The token’s cost went hyperbolic on the news, only to fall 18 % the day after.
At the time of writing, data shows the token’s price rising from about$ 12 to$ 15. 2 since the text from the two Democrats. Its market capitalization has ballooned to just over$ 3 billion from$ 1. 6 billion only a week ago.
Greatest of them all
Despite the government’s eloquent support of the blockchain industry, reviewers have remained afraid.
In a problem filed in February, U. S. volunteer guardian Public Citizen claimed that Trump’s actions appear to be” soliciting money in exchange for nothing. “
Late last month, Trump touted the image gold as the “greatest of them all,” with the market response prompting a 7 % rise.
At the time, Andrew Rossow, digital press counsel and CEO of Mr Media, told that those actions may own” set a dangerous law” on how people office may be dilutive” for personal financial gain. “
Warren and Schiff’s text cites many information concerning private international control, including one instance where an investor bought roughly$ 13 million worth of tokens through a apparently Chinese-founded crypto change.
The pair also claims that there is a” troubling prospect” that foreign actors may be using the meme coin” to buy influence with President Trump and his associates” without “needing to disclose their identities publicly. “
Organizers explicitly require attendees to provide their legal name, contact information, and wallet address, according to the event’s webpage.
The White House Press Office did not immediately return requests for comment.
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