$TRUMP
🚨Trump’s $TRUMP Coin Dinner Triggers Congressional Investigation🚨
On May 29, 2025, Representative Jamie Raskin, the top Democrat on the House Oversight Committee, opened a formal inquiry into a private dinner organized by Donald Trump for $TRUMP coin’s top investors. The event took place at Trump National Golf Club in Virginia and reportedly gathered 220 individuals who held large positions in the Trump-themed meme coin. The invitation-only gathering came shortly after the coin generated hundreds of millions of dollars in profits for parties connected to the former president.
Raskin’s office expressed concerns over potential violations of the Constitution’s emoluments clause, which bars presidents from receiving financial benefits from foreign states or their representatives. The congressman requested detailed records of attendees, transaction histories of wallets holding large amounts of $TRUMP, and any communications involving Trump’s campaign and the coin’s promoters. The investigation also seeks clarity on whether any foreign nationals were involved, given the possibility that cryptocurrency was used to bypass traditional political donation channels.
Further controversy surrounds the reported use of the presidential seal at the event, which could violate federal law. Critics argue that the event blurred the lines between personal enrichment and political campaigning. The $TRUMP coin, which launched in early 2025, saw a rapid rise and subsequent crash in price, with many investors suffering losses while Trump-linked entities allegedly earned over $300 million. Raskin stated that the goal of the investigation is to determine if the coin’s profits served as a “backdoor conduit of political contributions.”
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