Democrats Plan Lawsuits and Protests Before Trump’s Memecoin Dinner
Democratic lawmakers are preparing legal actions and protests against U.S. President Donald Trump's upcoming dinner with the largest holders of his $TRUMP memecoin.
Key points include:
- The dinner is scheduled for Thursday at Trump National Golf Club in Virginia, following a price spike in the token as investors sought invitations.
- Critics argue that foreign buyers are using the token to bypass legal donation limits, raising concerns about transparency and corruption.
- Senator Richard Blumenthal criticized the event, suggesting it effectively sells access to the presidency and may violate U.S. laws regarding foreign gifts.
- Blumenthal indicated he would pursue legal action if Congress authorizes it, referencing past lawsuits related to Trump's business dealings.
- Representative Maxine Waters introduced the "Stop TRUMP in Crypto Act," which aims to prohibit government officials from engaging in crypto activities linked to their positions.
- The bill aligns with similar proposals aimed at enforcing ethical standards on cryptocurrency transactions by public officials.
- Protests are planned, led by Senators Elizabeth Warren, Jeff Merkley, and Chris Murphy, who demand transparency regarding the event's attendees.
Concerns are raised about national security and potential foreign influence due to the anonymous nature of transactions associated with the token.