Ethics Concerns Raised as Trump Hosts Exclusive $TRUMP Coin Holder Dinner
Senators Adam Schiff and Elizabeth Warren are raising ethical concerns about President Trump’s upcoming private dinner for $TRUMP meme coin holders, suggesting potential ’pay to play’ corruption. In a letter to the U.S. Office of Government Ethics, the lawmakers accuse Trump of violating ethical standards by potentially favoring major investors in the cryptocurrency.
The controversy follows the announcement of a promotional event on May 22, which has reportedly caused a 50% spike in the coin’s value. Economists supporting the senators argue that such actions could lead to preferential treatment for contributors to Trump’s business ventures.