đDozens of U.S. Lawmakers Call for Investigation Into TRUMP Memecoin Dinnerđ
A political dinner party or a backdoor crypto scandal?
Over 35 members of the U.S. House of Representatives are calling on the Department of Justice (DOJ) to investigate a dinner held between President Trump and holders of the TRUMP memecoin.
1ď¸âŁ Foreign Influence Concerns
Lawmakers fear that the exclusive event may have exposed the President to undue foreign influence, possibly violating U.S. corruption and ethics laws.
2ď¸âŁ Constitutional Violation?
Citing the Foreign Emoluments Clause, the letter questions whether foreign nationalsâallegedly present in significant numbersâmay have improperly gifted access to the President without Congressional approval.
3ď¸âŁ Crypto Meets Campaign Finance
The memecoinâs promotion of âexclusive accessâ to the President raises red flags under U.S. election laws, which prohibit foreign contributions to political campaigns.
CONTEXT:
The controversy centers around the blurring lines between digital assets and politics. Lawmakers argue that memecoins like TRUMP could be weaponized as untraceable tools of influence, bypassing traditional campaign finance laws and allowing foreign players to gain backdoor access to U.S. leadership.
