Is Trump causing trouble again?

Recently, things have been lively over in the United States. Trump announced that he will hold a "Super VIP Dinner" at his golf club, but it isn't so easy to attend — one must hold the "Trump Coin" he launched, and only the top 220 holders are eligible.

Even more outrageous, the top 25 holders will enjoy "presidential treatment" and have a chance to visit the White House. Once the news broke, the price of Trump Coin skyrocketed by 70%. However, the Democrats were outraged.

Georgia Congressman Jon Ossoff directly criticized this in Congress: "This is blatant corruption! Trump is using his presidential status to exchange for money." He even stated that this kind of maneuver is enough to initiate impeachment proceedings.

However, for impeachment to succeed, it’s basically hopeless. The House of Representatives is controlled by the Republicans, who stand united with Trump. Even if the impeachment proposal passes, it's difficult to gather the two-thirds support needed in the Senate.

In fact, Trump has been impeached twice in history, but was never convicted; this time is likely to be the same.

By the way, what is Meme Coin?

It's the kind of currency that becomes popular due to memes, such as Dogecoin and Shiba Inu Coin. Generally, they have no real application and rely solely on fame and speculation. Trump Coin is similar — 80% of the coins are in his family's business, and the price fluctuations are akin to a roller coaster.

Why do some say this is corruption?

Because Trump is leveraging his presidential identity to promote the coin issued by his own family, exchanging it for political privileges. In simpler terms, it’s about paying for opportunity, undermining fairness. What’s even more ridiculous is that the dinner costs must be paid by the investors themselves, while he profits from the coin price increases and transaction fees.

To summarize,

This operation essentially binds politics and capital together again, and ordinary investors are likely to become cannon fodder. The short-term volatility of Trump Coin already speaks volumes.