Overview
The controversial Trump memecoin dinner saw a number of crypto entrepreneurs, as well as sports stars and even anonymous influencers.
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Corruption News
Corruption is the process of using political power in order to gain personal benefit. Corruption is one of the main problems of today’s world, emerging in an absolute majority of countries and leading to hard consequences for the population. The biggest problem of it is the prevention of development caused by corruption in developing countries. The question of how to end corruption is crucially important for the future development of most nations. Solutions for corruption may be found in political, economic and technological measures. Blockchain technology may become a solution of corruption by being implemented in budget control and voting processes. Blockchain corruption-preventing measures are easier to maintain in developed countries but are possible for developing countries with the help of blockchain-based companies and support of the U.N.
- News
Donald Trump is preparing to host up to 220 people at his golf club, with access tied to his memecoin purchases.
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With his reported TRUMP memecoin purchases, Tron founder Justin Sun will have spent more than $90 million on crypto ventures tied to the US president and his family.
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Lawyers for the crypto platform tied to the president's family said a call for an investigation and oversight was "fundamentally flawed."
4277 - Analysis
A bill to regulate stablecoins failed to pass a crucial vote in the US Senate on May 8 in part due to Democratic lawmakers' concerns over Donald Trump's ties to crypto.
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“Black Tie preferred, but optional," according to the project offering 220 wallet holders the chance to meet with the US president after they invested millions in his memecoin.
2575 - News
After quashing a vote over a stablecoin bill in the Senate, a group of Democratic lawmakers reportedly asked Trump allies to consider his ties to the crypto industry.
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More than half of the top 25 TRUMP tokenholders — those eligible to apply for a "VIP tour" with the president — reportedly used foreign exchanges that exclude US-based users.
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A group of wallets reportedly earned roughly $100 million from trading Melania Trump's memecoin shortly before its Jan. 19 launch.
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Democratic leadership walked out of a joint hearing on digital assets, claiming Republicans weren't addressing what they said were US President Donald Trump's conflicts of interest.
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Wyoming Senator Cynthia Lummis reportedly said the reward for Donald Trump's memecoin holders "gives [her] pause" while cozying up to the president's Bitcoin reserve plan.
18172 - News
There were calls for additional investigations and possibly impeachment of the US president after he announced a "gala dinner" and White House tour for his top memecoin holders.
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The price of the controversial memecoin surged roughly 52% shortly after news of the dinner broke.
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Observers have said that Trump’s stablecoin project could run afoul of the Constitution’s emoluments clause.
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Suriname’s new presidential candidate Parbhoe wants a deeper Bitcoin nation than Nayib Bukele’s El Salvador.
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