{"id":129897,"date":"2025-05-23T20:16:35","date_gmt":"2025-05-23T20:16:35","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129897"},"modified":"2025-05-23T20:16:35","modified_gmt":"2025-05-23T20:16:35","slug":"us-house-members-call-for-investigation-into-trumps-memecoin-dinner","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129897","title":{"rendered":"US House members call for investigation into Trump&#039;s memecoin dinner"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsMembers of the US House of Representatives called for the Justice Department to investigate Donald Trump\u2019s May 22 dinner for his top memecoin investors, citing concerns about \u201cforeign influence over US policy decisions\u201d and \u201cpotential corruption and emoluments clause violations.\u201d<br \/>\nIn a May 22 letter to the Justice Department, 35 House members asked the public integrity section acting chief, Edward Sullivan, to launch an inquiry over the memecoin dinner to determine whether it violated the federal bribery statute or the foreign emoluments clause of the US Constitution.\u00a0<br \/>\nUnder the emoluments clause, a US president is barred from accepting any gift from a foreign state without the approval of Congress. Bloomberg reported that a majority of the attendees at the memecoin dinner were likely foreign nationals based on their connections to crypto exchanges.\u00a0<br \/>\n\u201cUS law prohibits foreign persons from contributing to US political campaigns,\u201d said the letter. \u201cHowever, the $TRUMP memecoin, including the promotion of a dinner promising exclusive access to the President, opens the door for foreign governments to buy influence with the President, all without disclosing their identities.\u201d<br \/>\nMay 22 letter to DOJ official calling for investigation into Trump memecoin dinner. Source: Representative Sean CastenThe call for an investigation\u00a0and a press conference\u00a0asking\u00a0Trump to \u201crelease the guest list\u201d for the dinner both occurred hours before the event, which was held at the Trump National Golf Club outside Washington, DC. A group of protesters, joined by Senator Jeff Merkley,\u00a0gathered outside the venue\u00a0with signs stating \u201cillegal crypto party\u201d and \u201cdemocracy is not for sale.\u201d<br \/>\nRelated: Who attended Trump\u2019s controversial memecoin dinner?<br \/>\nThough some of the dinner attendees covered their faces with masks to conceal their identities, protesters and members of the media confirmed that Tron founder Justin Sun appeared at the event, as well as other Trump supporters who posted to social media. The complete list of attendees was not available at the time of publication.\u00a0<br \/>\nThe memecoin dinner still has the potential to affect pending legislation in Congress<br \/>\nIn addition to the call for a DOJ investigation, Democratic lawmakers in the House and Senate proposed legislation to address what they called \u201cTrump\u2019s crypto corruption\u201d as Congress considered a bill to regulate stablecoins and a market structure bill.\u00a0<br \/>\nSeveral Senate Democrats who initially voted against advancing the stablecoin bill, called the GENIUS Act, later sided with Republicans to set up a debate in the chamber.<br \/>\nRepresentative Maxine Waters introduced a bill to limit the access of any US president, vice president, members of Congress and their families to cryptocurrencies. Members of the Senate will also propose an amendment to the GENIUS Act to address Trump\u2019s connection to World Liberty Financial, a crypto platform backed by the president\u2019s family that issued its USD1 stablecoin.<br \/>\nMagazine: AI cures blindness, \u2018good\u2019 propaganda bots, OpenAI doomsday bunker: AI Eye<a href=\"https:\/\/cointelegraph.com\/news\/house-investigation-donald-trump-memecoin-dinner?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 NewsMembers of the US House of Representatives called for the Justice Department to investigate Donald Trump\u2019s May 22 dinner for his top memecoin investors, citing concerns about \u201cforeign&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\/129897"}],"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=129897"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129897\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129897"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}