Democratic organizations and members of Congress have announced plans to protest what they describe as a sale of access to the US president’s office, in reference to Donald Trump’s memecoin dinner on May 22. Those who attend the event are said to be collectively spent more than $ 100 million for the opportunity to meet with the US president.
Since Trump’s Memecoin project, official Trump (Trump), has announced that the top 220 tokenholders There will be an opportunity To apply for an exclusive dinner with the President, many leaders in the crypto industry and US lawmakers criticized the event, saying that Trump is opening his office with potential bribery and corruption.
Memecoin Dinner pushed some democratic lawmakers to retreat Support for crypto -related law in Congress, including market structure and stablecoin bills.
“Trump’s collection of gifts from foreign governments is not constitutional,” a spokesman for the consumer advocacy of consumer public citizen, who is planning to protest near the memecoin dinner on May 22, told Cointelegraph. “Collecting investments in foreign government by its memecoin is not better. Foreign American policy should not be sold.”
Crypto industry numbers such as Tron Founder Justin Sun, Kronos Research Chief Investment Officer Vincent Liu, Hyperithm Co-Ceo Oh Sangrok, and Synthetix founder Akin Warwick belongs to tokenholders expected to attend Dinner at the Trump National Golf Club outside Washington, DC. The memecoin project All applicants said Need to pass a background check and cannot from a “(know your customer) list of guard list.”
Related: Democrats demanded fiery -suspected activity reports linked to Trump Crypto ventures
The people of the public, in collaboration with the progressive political organization of our revolution, will hold a rally near the Golf Club, which Oregon Senator Jeff Merkley is expected to attend. In addition, Arlington and Loudoun Democrats will be Relieving -Host A separate event to encourage US officials to “perform (Trump) responsibility,” and Democratic leadership in Congress has scheduled two press events on May 22 leading to dinner.
“Americans cannot and will not accept President Trump’s perspective that power positions exist only to benefit the owner of that power,” Ryan Ruzic, chairman of the Loudoun County Democratic Committee, told Cointelegraph. “We have a moral responsibility to speak against corruption, no matter the result.”
https://www.youtube.com/watch?v=sumyysrjvzm
Pushback to Trump Memecoin affects Crypto law
Some lawmakers first mentioned the memecoin dinner and the Trump family involved in the Crypto Platform World Liberty Financial platform in opposition to the passage of the Genius Act, a bill to repair payment stablecoins. The World Liberty Financial began issuing its own USD1 Stablecoin in March, motivating concerns about Trump’s interests of interest. However, the law passed a major vote on the procedure In the Senate on May 19 with support from the Democrats, setting a bill for the room debate.
“Many senators, including myself, have real concerns about the Trump family use of crypto technologies to avoid administration, hide the shady financial deal, and personally earn the cost of sunny Americans,” Says Sen. Mark Warner in a statement before the May 19 vote, and added: “But we will not allow corruption that we are blind to the broader reality: Blockchain technology is here to stay.”
Senator Chris Murphy, who voted against the progress of the Genius Act, Called For Bipartisan’s support for the amendment of a bill that specifically hindered a US president from the release of Stablecoins. He too Called At the White House to bring out a complete list of attendees at the Memecoin dinner, suggesting that some or all of them will “try to get something from the president” in exchange for buying tokens.
Murphy and Senator Elizabeth Warren will be attending a press event with representatives for the public citizen on May 22. California Representative Maxine Waters, who ranked the US House Financial Services committee, a separate meeting today, with plans to introduce a law to “stop Trump’s memecoin of crypto, once and for all. “
Until May 21, the exact number of dinner attendees were unknown. A smaller group of 25 tokenholders also qualifies to apply for the “VIP tour” and acceptance – maybe in the White House – with Trump, but the complete list of planning to attend is also unknown at the time of publication.
Magazine: Crypto adventures of Trump’s crypto raises conflict of interest, insider trading questions
