According to Mars Finance, U.S. President Trump has recently found himself in a public relations storm due to activities related to cryptocurrency. It has been disclosed that Trump plans to host two cryptocurrency-themed events in May: a dinner for the top 25 holders of the TRUMP memecoin on May 22, and an 'Crypto and AI Innovators Dinner' organized by MAGA Inc. Super PAC, with a price per seat starting at $1.5 million. This has raised concerns among several politicians, including Senator Elizabeth Warren, who believe that this move may involve a quid pro quo of 'exchanging presidential privilege for business investment.' On-chain data shows that 80% of the supply of the TRUMP token is controlled by the Trump Group, which has transferred approximately $325 million to internal wallets through built-in mechanisms since its launch in January. Although industry lawyer Olta Andoni believes that the token 'is no different from other memecoins,' Wormhole legal advisor Cathy Yoon pointed out that this raises 'serious ethical issues.' In response to the questions, Trump emphasized that he 'has not profited from this' and views the cryptocurrency industry as a strategic area of competition between China and the U.S. The price of the TRUMP token surged by 50% after the dinner news was announced, but Trump claimed to have 'no concept' of its valuation. (The Block)

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