đ¨ Trouble Brews Over Trumpâs TRUMP Token Dinner đ¨
Senators Demand Investigation
Donald Trump is organizing a private dinner for the top holders of his TRUMP cryptocurrency. Now, Senators Elizabeth Warren and Adam Schiff are calling for an ethics investigation, raising concerns that Trump may be exchanging political favors for financial gain.
Corruption Concerns
The senators warn that wealthy foreign and corporate investors could potentially use TRUMP tokens to buy influence. They also question whether Trump sought appropriate legal counsel regarding his involvement with cryptocurrency.
Event Details
The exclusive dinner is scheduled for May 22 at Trump National Golf Club. Attendance is limited to the top 220 TRUMP token holders who pass security screenings.
Market Reaction
Following the announcement of the dinner, the price of the TRUMP token surged by 70%. It later fell by 6%, stabilizing around $14.
Talk of Impeachment
Senator Jon Ossoff has called for Trumpâs impeachment over the issue. However, with Republicans currently controlling Congress, any action appears unlikely.
Profits for Trumpâs Inner Circle
Since January, Trumpâs allies have reportedly earned over $350 million from TRUMP tokens, with approximately 80% of the tokens owned by Trumpâs businesses.