Trump’s Crypto Courtship Sparks Ethics Backlash

Trump’s Crypto Courtship Sparks Ethics Backlash


Donald Trump is set to host two crypto-themed dinners this month, one for major donors and another for top holders of his meme coin, $TRUMP.

 

The gala for token holders - black-tie optional - is slated for May 22 at his private golf club, with the top 25 wallets promised a VIP reception and White House tour. Access is determined by a live leaderboard. Most wallets remain anonymous.

 

Watchdog group Accountable.US called it “the most nakedly corrupt self-enrichment scheme in U.S. presidential history,” citing concerns over foreign influence. They allege Tron founder Justin Sun could be a major $TRUMP holder.

 

Senators Warren and Schiff have warned the dinner amounts to “exclusive access to the presidency in exchange for significant investment.” Warren also flagged the Trump-linked USD1 stablecoin, launched by his son Eric.

 

Backed by U.S. Treasuries, USD1 surged to the seventh-largest stablecoin after a $2B Binance investment from Abu Dhabi’s MGX Group. A Republican stablecoin bill heads for a Senate vote this week.

 

“Looks like corruption, smells like corruption,” Warren said.

 

Meanwhile, hackers breached the X accounts of Tron DAO and Curve Finance, tricking users with fake links. The Tron breach netted $45,000 before access was regained. Prices barely moved.

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