Congressional Democrats Slam Trump’s Dinner with Top Meme Coin Holders
Congressional Democrats are expressing outrage over President Donald Trump’s plans to dine with the top holders of his meme coin tonight. The event has sparked demands for transparency and concerns about possible corruption and conflicts of interest.
Unprecedented Lack of Disclosure
Sen. Elizabeth Warren (D-MA) condemned the dinner as “an orgy of corruption,” highlighting the lack of transparency surrounding the guest list and discussions that will take place. The dinner is set to include the top 220 holders of Trump’s meme coin, with the top 25 having a chance to engage in a more exclusive reception with the president.
Secrecy Surrounding the Event
The closed-door nature of the event and the White House’s refusal to provide details have raised suspicions among Democrats. Trump’s decision not to disclose the identities of the attendees has raised concerns about potential undisclosed influence on the president.
Controversial Attendees
One confirmed attendee, Chinese-born crypto billionaire Justin Sun, has a history of legal troubles and financial investigations. His presence at the dinner has further fueled concerns about the integrity of the event and its implications for the administration.
Calls for Transparency and Accountability
Democratic senators, including Chris Murphy (D-CT) and Richard Blumenthal (D-CT), are urging President Trump to release the guest list and provide clarity on the purpose of the dinner. The lack of transparency has raised questions about potential conflicts of interest and national security risks.
Legislative Response
Democrats are linking Trump’s crypto ventures to pending legislation, such as the GENIUS Act, which aims to regulate stablecoins. They are pushing for amendments to prevent the president from profiting off his own stablecoin while in office, citing concerns about corruption and undue influence.
Growing Opposition to Trump’s Crypto Ventures
Opposition to Trump’s involvement in crypto-related activities is becoming a focal point for Democrats. A new bill introduced by House Democrats seeks to restrict the president and his family from engaging in such business dealings while in office, reflecting heightened concerns about ethical standards and potential conflicts of interest.