Senators Elizabeth Warren (D-MA) and Adam Schiff (D-CA) are calling for a US Office of Government Ethics (OGE) ethics probe into President Trump after the Official Trump project announced a private dinner with the president for major holders of the $TRUMP meme coin, according to a recent report from CNBC.
In a letter to the OGE, the senators accused the offering of selling exclusive presidential access in exchange for financial investment, raising concerns about “pay to play” practices and potential personal enrichment for President Trump and his family.
“This latest action raises grave ethics and legal concerns, including the severe risk that President Trump and other officials may be engaging in ‘pay to play’ corruption by selling presidential access to individuals or entities, to include foreign nationals and corporate actors with vested interests in federal action, while personally enriching the President and his family,” according to the letter.
In urging the OGE to examine whether Trump violated federal ethics standards, Senators Warren and Schiff warned the arrangement could open the door to foreign nationals and corporate actors, some potentially under federal investigation, securing political access simply by investing in Trump’s crypto projects.
They also questioned whether Trump or his family had received any ethics guidance about profiting from digital assets while in office. They asked what safeguards, if any, exist to prevent individuals seeking political favors or pardons from using crypto investments to try to influence the president.
The exclusive dinner, unveiled on Wednesday, will be available to the top 220 wallet holders of the $TRUMP token. The event will take place on May 22 at Trump National Golf Club, with strict security measures, including background checks and wallet compliance verifications.
$TRUMP's value soared over 70% after the announcement of the dinner. The token is currently changing hands at $13.46, down 5.94% in the last seven days, according to the latest available data from TradingView.
Senator Jon Ossoff (D-GA) is also calling for Trump’s impeachment after the former president announced plans to host a dinner with major holders of the $TRUMP meme coin.
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