Pro-crypto senator pushes back on Trump's memecoin dinner
Wyoming Senator Cynthia Lummis has voiced criticism regarding U.S. President Donald Trump's initiative to reward top holders of his memecoin with a dinner and White House tour. Lummis expressed concern that this action could be interpreted as selling access to the president, a sentiment shared by fellow Republican Senator Lisa Murkowski, who indicated it would be inappropriate to charge for tours of the Capitol. Despite these reservations, Lummis praised Trump's support for the BITCOIN Act, which aims to establish a strategic Bitcoin reserve in the U.S. The memecoin, TRUMP, launched in January, has sparked controversy regarding potential conflicts of interest, especially after the announcement of the dinner for top holders. Critics argue that this move resembles a commodification of presidential access, with concerns raised about foreign entities potentially influencing Trump through financial contributions connected to the memecoin. As of now, it is unclear which memecoin holders will attend the upcoming dinner, although figures like Tron founder Justin Sun and Tesla CEO Elon Musk are speculated to be involved.
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