Angry Critics
The surge has reversed some of the coin’s massive drop since peaking at $75.35 in January. However, the dinner invitation is now under scrutiny from opponents and ethics watchdogs.
Critics argue that Trump is effectively monetizing his political power, offering potential access to the White House in exchange for boosting his meme coin’s market cap.
Sen. Chris Murphy (D-CT) called the dinner-for-investment model “the most brazenly corrupt thing a President has ever done”.
Another X user Dday stated on X that this just might be “a long way outside the realm of [Trump’s] Presidential duties and subject to legal recourse”.
Lawmakers like House Financial Services Chair Frank Hill (R-AR) have publicly admitted that Trump’s crypto dealings complicate legislative efforts.
Notably, the TRUMP coin isn’t Trump’s only crypto endeavor. Last fall, he and his sons launched World Liberty Financial (WLFI), which claims to have sold 550 million tokens.
