Trump and His Memecoin: Financial Innovation or Conflict of Interest?

The former U.S. president, Donald Trump, has generated controversy by organizing an exclusive dinner with major investors in his memecoin $TRUMP at his golf club in Virginia. The event, which featured figures like Justin Sun, who is under investigation for fraud, has been criticized for potential conflicts of interest and lack of transparency.

Attendees, selected for their significant investments in the cryptocurrency, enjoyed additional perks such as VIP access to the White House and luxury gifts. Meanwhile, more than 600,000 small investors have reported significant losses since the launch of $TRUMP.

This event has reignited the debate about the ethics of cryptocurrency promotion by public figures and the need for stricter regulations to prevent potential abuses.

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