Democratic Senators Elizabeth Warren and Adam Schiff have called for an ethics investigation into President Trump's invitation to top holders of his meme coin, the TRUMP token, for an exclusive dinner at his golf club. They urge the Office of Government Ethics to examine potential 'pay to play' corruption risks arising from this arrangement, particularly regarding foreign payments potentially influencing Trump's decisions. Following the announcement of the dinner, the TRUMP token experienced a substantial increase in value, highlighting concerns that foreign actors may be using anonymous crypto investments to buy influence. The senators' letter references a prior instance where an investor made a significantly large purchase of tokens through an exchange, raising alarms about undisclosed foreign interests. Trump has promoted this Solana-based meme coin, which has seen fluctuations in its market value since the announcement, reflecting ongoing tensions between cryptocurrency activities and regulatory scrutiny.

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