Trump's Memecoin Dinner Draws Crowded Cast of Democratic Protesters from Congress
Democratic lawmakers and advocacy groups organized multiple protests aimed at accusing President Trump's memecoin dinner of corrupt practices. The dinner, which features over 200 key memecoin investors, is being held at Trump National Golf Club Washington, D.C. Ahead of the event, Representative Maxine Waters plans to introduce a bill aimed at preventing presidential involvement in cryptocurrencies for profit, labeling it a potential conflict of interest. Critics describe the event as a blatant example of political access being sold for the highest bidder, especially concerning foreign investors who may be gaining access to the president's actions without transparency. The situation has delayed progress on U.S. stablecoin legislation, but it has recently resumed in the Senate. Despite the uproar, Trump's team maintains that there are no conflicts of interest related to the president's crypto ventures and that he has the right to engage in capital markets.
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