The U.S. Congress is in an uproar over former President Donald Trump’s billion-dollar crypto deal. Data reveals that while 58 crypto wallets have profited significantly from Trump’s meme coin, 764,000 others have incurred losses. Senate Republicans have raised concerns about Trump’s private dinner with meme coin holders. Meanwhile, Congressional Democrats have criticized Trump’s ‘corrupt’ crypto connections. This situation highlights the ongoing scrutiny of political figures’ involvement in cryptocurrency ventures.
— new from Axios