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Raskin investigating Trump meme coin event
- Rep. Jamie Raskin is investigating President Donald Trump's May 22 crypto dinner at his golf club near Washington, D.C., attended by top investors in the $TRUMP meme coin.
- Raskin wrote to Trump demanding the release of attendees' names and funding sources due to concerns about foreign nationals possibly buying $TRUMP tokens via offshore exchanges.
- The dinner involved 220 investors who spent millions, with 161 likely foreign nationals, while entities tied to Trump controls 80% of the 1 billion coin supply and profits from sales.
- Raskin described the event as one of many concerning schemes profiting from the presidency and cautioned that it might violate the Constitution's Emoluments Clause.
- The investigation highlights potential conflicts between Trump's official role and private interests, prompting calls for transparency amid concerns about foreign influence and illegal activities.
58 Articles
58 Articles
Trump's crypto interests (Two Indicators) : Planet Money
Today on the show – our crypto president. Just before President Donald Trump began his second administration in January, he and his business partners launched the $TRUMP coin. It's a memecoin that quickly raked in hundreds of millions of dollars. And there's a lot of earning potential still left on the table. Is that even legal?We bring you two stories from our daily show, The Indicator about President Trump and his ties to crypto. First, the Tr…
Don Jr. GRILLED by CNBC Hosts About Trump Meme Coin: ‘As Bad as Hunter’s Art’
The hosts of CNBC’s Squawk Box grilled Donald Trump Jr. about the $TRUMP meme coin — which has been heavily criticized by ethics watchdogs who have concerns that bad actors can use the coin to purchase influence. In the Squawk Box interview on Tuesday, Joe Kernen — who is often (but not always) a purveyor of pro-Trump commentary — confronted President Donald Trump’s son about the coin, which according to one recent estimate has generated more th…
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