Interest groups, lawmakers to protest Trump's memecoin dinner 🇺🇸
Protest plans have been announced by Democratic organizations and lawmakers against Donald Trump’s memecoin dinner, accusing it of selling access to the US president. Attendees reportedly spent over $100 million to join the exclusive event.
Trump's memecoin project, Official Trump (TRUMP), offered its top 220 tokenholders an opportunity to apply for a private dinner, raising concerns about potential bribery, corruption, and foreign influence.
Critics argue that such transactions could affect US foreign policy. Prominent figures, including Justin Sun and Kain Warwick, are reportedly among the attendees.
The event has influenced legislative actions, with some withdrawing support for crypto bills. Critics, like Sen. Mark Warner, voiced concerns about the Trump family’s crypto use for potentially avoiding oversight.
Progressive bodies plan protests, while some lawmakers aim to block any further Trump crypto influence. Further debates on the GENIUS Act, a bill related to stablecoins, continue amid the controversy.
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