House Democrat Investigates Trump’s TRUMP Memecoin Amid Ethics Scrutiny
Rep. Jamie Raskin, the leading Democrat on the House Judiciary Committee, has initiated an investigation into former President Donald Trump’s OFFICIAL TRUMP (TRUMP) memecoin project. The inquiry centers on a private dinner for top token holders, raising concerns about potential foreign influence and ethical violations.
The event, hosted at Trump’s Virginia golf club, rewarded the 220 largest holders of the memecoin. Blockchain analysis confirms proceeds went directly to Trump-affiliated companies rather than political organizations—a detail that has alarmed ethics watchdogs. Raskin’s formal request seeks disclosure of attendees and funding sources, highlighting worries about unverified foreign financial involvement.