U.S. President Donald Trump promoted a private dinner for the top holders of the $TRUMP meme coin via his social media platforms. Scheduled for May 22 at his Virginia golf club, the event will include a VIP White House tour for the top 25 investors. The meme coin has significantly boosted Trump’s net worth, with one of the top holders reportedly being Chinese crypto billionaire Justin Sun. Public Citizen criticized Trump’s actions, stating that federal law prohibits presidents from soliciting gifts, and urged the Justice Department and Office of Government Ethics to intervene. Some Republican allies, like Sen. Cynthia Lummis, expressed concern over the perceived corruption. Hours after promoting the dinner, Trump hosted a $1.5 million-per-plate fundraising event at the same club.
— new from Common Dreams