Interest groups, lawmakers to protest Trump's memecoin dinner
Democratic organizations and lawmakers plan to protest Donald Trump’s memecoin dinner on May 22, criticizing it as a potential sale of access to the presidency. Attendees reportedly spent over $100 million collectively to meet Trump, raising concerns about bribery and corruption. The dinner aims to include top token holders from Trump's memecoin, Official Trump (TRUMP), creating a backlash among crypto leaders and lawmakers who warn of the risks involved. Groups like Public Citizen are rallying against Trump’s perceived unconstitutional collection of foreign investments through cryptocurrency, arguing that American foreign policy should not be monetized. Senators Mark Warner and Chris Murphy have voiced concerns about the implications of crypto use by the Trump family, with Murphy pushing for legislation to prohibit a president from issuing stablecoins and demanding transparency about event attendees. Protests and press events coincide with the dinner, underscoring a growing push for regulatory measures in the crypto space to combat corruption and protect public interests.
Source 🔗