Democrats Ramp Up Legal Threats and Protests Over Trump’s $TRUMP Memecoin Event
Congressional Democrats are intensifying their pushback against President Donald Trump’s controversial memecoin project, with threats of lawsuits and organized protests. The uproar comes after TRUMP announced a dinner for the top 220 holders of the $TRUMP token at his Virginia golf club, sparking a price surge as buyers rushed to secure invitations.
Critics are raising ethical red flags, pointing to the token’s unclear ownership and potential to bypass campaign finance regulations. Reports indicate foreign buyers—otherwise barred from U.S. campaign donations—are snapping up $TRUMP, while anonymous holders dominate the guest list. The event has become a focal point in discussions about cryptocurrency’s growing influence in political fundraising.
