Richard Blumenthal Probes $TRUMP Coin – Does Foreign Money Buy

Donald Trump Meme coin US Senators Author Julia Smith Author Julia Smith About Author Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News. Author Profile Share Copied Last updated: May 6, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews Ranking member of the U.S. Senate Permanent Subcommittee on Investigations (PSI), Senator Richard Blumenthal (D-CT), announced that the government entity would launch a “preliminary inquiry” into U.S. President Donald Trump’s crypto ventures, as stated in a May 6 press release. Democratic Senators Seek $TRUMP Inquiry. According to a May 6 letter addressed to Fight Fight Fight LLC (one of the organizations behind the newly launched $TRUMP meme coin), Blumenthal scrutinized Trump’s namesake cryptocurrency and the proposed exclusive gala dinner later this month for its top investors. “President Trump’s financial entanglements to the $TRUMP coin, as well as the attempted use of the White House to host competitions to prop up the value of $TRUMP, represent an unprecedented, pay-to-play scheme to provide access to the Presidency to the highest bidder,” Blumenthal said. In addition to potentially benefiting Trump, critics of $TRUMP allege that investors in the cryptocurrency may be able to buy favor with Trump, particularly regarding foreign interests. “Chillingly, $TRUMP allows, and even invites, anyone in the world, including foreign governments and unscrupulous individuals, to... https://cryptonews.com/news/richard-blumenthal-trump-coin-foreign-influence-probe/ #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple