Recent reports indicate that over half of the top 25 holders of Donald Trump’s memecoin, who are eligible for a VIP dinner with the president, may not be located in the United States. An analysis revealed that 19 of the top 25 wallet holders used foreign exchanges that exclude US users, implying that they might be foreign nationals or Americans residing abroad. Furthermore, more than half of the top 220 holders applied for dinner eligibility through foreign platforms. The identities of the top tokenholders remain undisclosed, but applicants must pass background checks and cannot bring guests. This dinner has raised concerns among some US lawmakers, who allege that Trump’s engagement with the memecoin might constitute 'pay-to-play' corruption. Ongoing legislative efforts in Congress seek to regulate the cryptocurrency space, particularly focusing on Trump’s potential crypto-related gains. A senator has voiced concerns over the implications of Trump selling access through his crypto ventures, as developers and investors continue to eye potential influences on the political landscape following the memecoin’s release.

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