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Cryptocurrency News Video
Trump’s $TRUMP Coin Gala Under Fire: Lawmakers Push For DOJ Inquiry Ethics of Exclusive Dinner
May 23, 2025 at 10:39 pm ˣ⁹
**Trump’s $TRUMP Coin Gala Under Fire: Lawmakers Push for DOJ Inquiry into Ethics of Exclusive Dinner** *Washington, D.C.* – A high-profile dinner event promoting the controversial **$TRUMP** cryptocurrency, hosted at Mar-a-Lago and attended by former President **Donald Trump**, has drawn sharp criticism from lawmakers, who are now urging the **Department of Justice (DOJ)** to investigate potential ethical and legal violations. ### **The Exclusive $TRUMP Coin Gala** The event, billed as an exclusive gathering for major investors and supporters of the **$TRUMP token**, featured Trump himself endorsing the cryptocurrency, which has seen volatile trading since its launch. Attendees reportedly paid thousands of dollars for access, raising concerns about whether the event blurred the lines between political fundraising, financial promotion, and personal enrichment. ### **Lawmakers Demand DOJ Probe** Several **Democratic lawmakers**, including **Sen. Elizabeth Warren (D-MA)** and **Rep. Alexandria Ocasio-Cortez (D-NY)**, have called for an investigation into whether the event violated: - **Securities laws** (if the token was marketed as an investment without proper disclosures) - **Ethics rules** (if Trump used his political influence for financial gain) - **Campaign finance laws** (if proceeds were funneled into his 2024 presidential bid) “This is a blatant attempt to monetize political influence,” said Warren. “The DOJ must determine whether this was an illegal securities offering or an unethical pay-to-play scheme.” ### **Trump’s Defense & Crypto Push** Trump and his allies have dismissed the criticism, framing the **$TRUMP token** as a legitimate venture in the booming cryptocurrency market. “The Democrats are terrified of innovation and Trump’s success,” a spokesperson said. “This is just another witch hunt.” The **$TRUMP coin**, which trades on decentralized exchanges, has been embraced by some Trump supporters but criticized by financial experts for its speculative nature. ### **What’s Next?** The DOJ has not yet confirmed whether it will open an investigation, but legal analysts suggest scrutiny is likely, given: - The **SEC’s crackdown** on celebrity-endorsed cryptocurrencies. - Ongoing **campaign finance probes** into Trump’s operations. - Broader concerns about **politicians profiting from digital assets**. As the 2024 election heats up, the controversy underscores the growing intersection of **cryptocurrency, politics, and ethics**—and whether existing laws can keep up. **Stay tuned for updates as this story develops.** --- *Want more? Follow us for breaking news on Trump, crypto regulations, and the 2024 election.*
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