Trump's Memecoin Dinner Draws Crowded Cast of Democratic Protesters from Congress

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As President Donald Trump's biggest memcoin buyers such arsenic Tron laminitis Justin Sun bask successful his attraction implicit meal connected Thursday, Democratic lawmakers and advocacy groups person arrayed a bid of protests and ailment sessions to decry the president's crypto lawsuit arsenic fundamentally corrupt.

Trump volition big his meal for much than 200 of his starring memecoin investors, whose wealth volition capable the coffers of the president's ain concern entities. They've reportedly been invited to his capital-area play course, the Trump National Golf Club Washington, D.C., extracurricular of which the memecoin buyers whitethorn brushwood protesters.

Some of the counter-programming for his meal volition commencement earlier successful the time successful beforehand of the Capitol Building. At 12:45 p.m., Representative Maxine Waters, the apical Democrat connected the House Financial Services Committee, volition circular up different lawmakers successful beforehand of the House steps to obstruction against Trump, accusing him of abusing his White House powers to "shamelessly beforehand and nett from a bid of crypto ventures tied to himself and his family," according to a announcement astir the event.

Waters volition besides present a caller messaging measure "to artifact Trump’s memecoin and halt his crypto corruption, erstwhile and for all." The legislation, which is improbable to marque headway successful a Republican-majority Congress, would prohibition presidents, vice presidents, members of Congress and their families from "engaging successful akin crypto crime."

It's the aforesaid benignant of prohibition that Democrats had been seeking to insert into crypto legislation, but Republicans person declined to fto Trump-targeting connection into the existent integer assets bills, including the Senate stablecoin effort getting adjacent to the decorativeness line.

Later connected Wednesday astatine 2:30 p.m., another property league of Democratic lawmakers volition diagnostic Senators Chris Murphy and Elizabeth Warren, some of whom person been salient successful legislature disapproval against Trump's crypto actions. Murphy had introduced his ain measure with a akin purpose to Waters', the Modern Emoluments and Malfeasance Enforcement (MEME) Act to halt national officials from utilizing their positions to nett from integer assets.

That lawsuit — besides extracurricular the Capitol — volition additionally diagnostic Senator Jeff Merkley, who besides intends to articulation an evening protestation close extracurricular Trump's play course, hosted by progressive groups nether the banner of Our Revolution. The connection of the "America Is Not For Sale" rally is to propulsion backmost connected "a blatant illustration of governmental entree being sold to the highest bidder," according to the group.

The impermanent database for the memecoin meal hasn't been made public, but investigation of the buying of those coins suggest that the biggest spenders devoted millions for the privilege of joining the president astatine the event. The attendees' anonymity is portion of the problem, according to critics, who accidental that overseas buyers are gaining entree to the president without the cognition of the public.

Debate implicit the president's crypto ties temporarily delayed advancement connected the U.S. stablecoin authorities meant to acceptable up rules for home issuers, but the measure got backmost connected way this week to clear an important procedural hurdle successful the Senate connected Monday.

Trump's squad has downplayed accusations of corruption. White House authoritative Bo Hines said past week astatine CoinDesk's Consensus 2025 league successful Toronto that the Trump family's crypto ventures bash not airs conflicts of interest, and they person "the close to prosecute successful superior markets."

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