Trump’s Memecoin Gala Draws VIPs and Federal Law Scrutiny Over Presidential Seal Use
Donald Trump’s splashy meme coin dinner may have just crossed the line legally. According to Forbes, the former U.S. President addressed high-profile investors of the $TRUMP token from a podium decorated with the official presidential seal at Trump National Golf Club in Virginia. That move could be a direct violation of federal law, which prohibits the use of the seal in ways that falsely suggest government endorsement or sponsorship.
The event, dubbed the “Trump Memecoin Gala,” brought together 220 top $TRUMP holders, including ex-NBA star Lamar Odom and TRON founder Justin Sun, who is said to have invested over $20 million in the token. It was a lavish affair, complete with fine dining and exclusive access to Trump himself, though his appearance was brief.
While the dinner was marketed as a private celebration for crypto whales, critics aren’t buying it. Ethics watchdogs and lawmakers are raising red flags, accusing Trump of blurring the lines between political influence and personal gain. Protesters also showed up outside the venue, voicing their concerns over what many see as the commercialization of political proximity.
The White House has distanced itself, stating the dinner was strictly a private event with no ties to official presidential duties.
As Trump edges deeper into the crypto space, blending politics with Web3 hype, questions about legality, ethics, and influence continue to mount. Whether federal investigators take action over the use of the seal remains to be seen but this event has definitely put the $TRUMP token under a much bigger spotlight.
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