$TRUMP Developers have released a notable statement about TRUMP, the official token launched by US President Donald Trump.
According to an announcement made by the developers, a new era for the token will begin on May 22nd, with a dinner party attended by the largest TRUMP holders and Donald Trump.
Details of the new term are not yet known, but the statement reads, "The new TRUMP term will be announced in Washington, D.C., on May 22, the day of the dinner."
While Trump has attracted attention for this cryptocurrency, which he began promoting just days before his inauguration, it has resurfaced with an announcement made in recent weeks. Accordingly, the top 200 TRUMP coin holders will be invited to a private dinner at his private golf club in Virginia on May 22. Additionally, the top 25 investors will receive invitations to a private reception and VIP tour that will take place prior to the event.
But a new analysis by Bloomberg News raises some ethical and legal questions about these invitees. According to the analysis, only six of the top 25 investors listed on the website's leaderboard traded outside of exchanges that do not accept users outside the United States. The remaining 19 investors appear to have used foreign cryptocurrency exchanges that have stated they do not offer services to US citizens. More broadly, at least 56% of the top 220 investors similarly traded on foreign exchanges.
This suggests that a significant portion of investors may be outside the United States. While some Democratic members of Congress have questioned the ethics of providing physical access to the president through Memcoin, how participants are monitored and their identities verified has also become a separate topic of discussion alongside this analysis. Those eligible to participate in the event are identified solely by their 3-4 character usernames, creating a lack of transparency in terms of identification.
*This is not investment advice.
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