$BTC US Senators Demand Answers on Trump's Interests in Cryptocurrencies

There were calls for further investigations and possible impeachment after the US president announced a "gala dinner" and a tour of the White House for the top holders of his memecoin.

Massachusetts Senator Elizabeth Warren has urged government officials to address questions related to the US president Donald Trump's memecoin and his media company.

In a letter dated April 25 addressed to Jamieson Greer, acting director of the US Office of Government Ethics (OGE), Warren, a Democrat from Massachusetts, and Democratic Senator from California Adam Schiff requested that officials address concerns about Trump's memecoin after the president announced a dinner and a tour of the White House for some individuals who held the largest amount of TRUMP tokens. The two senators asked Greer to provide information on safeguards and guidelines related to whether foreign actors and others could buy political influence with the president, which could impact his political positions and federal pardons.

"The president's announcement promises exclusive access to the presidency in exchange for a significant investment in one of the president's companies," the two senators wrote.

"By promising such access, this proposition may implicate several federal ethics laws and constitutional prohibitions, including the federal bribery statute and the emoluments clauses of the US Constitution. It also raises the troubling possibility that foreign actors are using the memecoin as a vector to buy influence with President Trump and his associates without needing to publicly disclose their identities."