{"id":128783,"date":"2025-05-07T17:17:51","date_gmt":"2025-05-07T17:17:51","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128783"},"modified":"2025-05-07T17:17:51","modified_gmt":"2025-05-07T17:17:51","slug":"trump-memecoin-dinner-attendees-could-include-foreign-nationals-report","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128783","title":{"rendered":"Trump memecoin dinner attendees could include foreign nationals \u2014 Report"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsAt least some of the top holders of Donald Trump\u2019s memecoin who apply to attend a private dinner with the president could be based outside the United States.<br \/>\nAccording to a May 7 Bloomberg report based on an analysis of the top TRUMP tokenholders, 19 of the top 25 wallets on the leaderboard used foreign exchanges that exclude US-based customers, suggesting either foreign nationals or Americans living abroad. In addition, more than half of the top 220 holders \u2014 the group eligible to apply for a dinner with the president \u2014 also used exchanges in other countries.<br \/>\nTop 10 TRUMP memecoin holders as of May. 7. Source: Trump memeAs of May 7, the identities of the top tokenholders and those who might choose to apply for the May 22 Trump dinner and \u201cspecial VIP tour\u201d were unknown. However, the project stated that anyone who applied could not bring guests, had to pass a background check, and \u201ccan not be from a [Know Your Customer] watchlist country.\u201d\u00a0<br \/>\nThe implications of having dozens or hundreds of memecoin holders potentially tied to foreign governments and interest groups have raised ethics concerns from some US lawmakers, claiming that Trump was engaging in \u201cpay-to-play\u201d corruption. At least one senator has called for the president\u2019s impeachment, saying Trump was \u201cselling access for what are effectively payments directly to him.\u201d<br \/>\nMemecoin concerns are slowing crypto legislation<br \/>\nDemocratic lawmakers in the House of Representatives and Senate have already been pushing back against considering any crypto-related legislation until Republicans address concerns around \u201cTrump\u2019s crypto corruption.\u201d The Senate is expected to vote on a bill regulating stablecoins on May 8, and House Republicans recently introduced a discussion draft of a digital asset market structure bill.<br \/>\nRelated: Trump-backed USD1 is now the seventh-largest stablecoin worldwide<br \/>\nThen-president-elect Trump launched the memecoin on Jan. 17 \u2014 three days before taking office \u2014 followed by the first lady introducing her own token. Two companies connected to Trump control roughly 80% of the memecoin\u2019s supply.<br \/>\nThe launch of the memecoin and its potential influence over the president and his agenda has already prompted some companies to get on board. On April 30, a trucking logistics management company announced a $20 million investment in the TRUMP token, suggesting influencing Trump\u2019s trade war between the US and Mexico, where the firm conducts much of its business.<br \/>\nMagazine: Trump\u2019s crypto ventures raise conflict of interest, insider trading questions<a href=\"https:\/\/cointelegraph.com\/news\/donald-trump-memecoin-dinner-foreign?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsAt least some of the top holders of Donald Trump\u2019s memecoin who apply to attend a private dinner with the president could be based outside the United States.&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128783"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128783"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128783\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128783"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}