Trump memecoin dinner attendees could include foreign nationals — Report
At least some of Donald Trump’s best holders of the same who apply to attend a private dinner with the president could be based outside the United States.
According to a Bloomberg report of May 7 based on an analysis of the best holders of Trump tokens, 19 of the 25 best portfolios in the rankings have used foreign exchanges that exclude American customers, suggesting foreign nationals or Americans living abroad. In addition, more than half of the 220 best holders – the eligible group to apply for a dinner with the president – have also used exchanges in other countries.
Since May 7, the identity of the best tokens holders and those who could choose to apply for the Trump dinner on May 22 and the “special VIP tour” were unknown. However, the project said that anyone who had applied could not bring the guests, had to pass an auditor’s verification and “cannot come from a [Know Your Customer] Watchlist country.
The implications of having dozens or hundreds of same owners are potentially linked to foreign governments and interest groups have raised ethics problems of certain American legislators, saying that Trump was engaged in “Pay-to-Play” corruption. At least one senator called for the dismissal of the president, saying that Trump “sold access to what is indeed payments directly to him”.
Mencoin concerns slow down cryptography legislation
Democratic legislators of the House of Representatives and the Senate have already rejected the consideration of any legislation linked to the crypto until the Republicans respond to the concerns concerning “the cryptographic corruption of Trump”. The Senate is expected to vote on a bill regulating stablecoins on May 8, and the Républicains de la Chambre recently presented a discussion bill on a bill on the structure of the digital asset market.
In relation: USD-USD supported by Trump is now the seventh largest stablecoin worldwide
The president -elected Trump of the time launched the same on January 17 – three days before taking office – followed by the First Lady presenting her own token. Two companies related to Trump control around 80% of the same supply.
The launch of the same and its potential influence on the president and its program have already prompted some companies to get on board. On April 30, a truck logistics management company announced an investment of $ 20 million in the Trump token, suggesting an influence on the Trump trade war between the United States and Mexico, where the company conducts a large part of its activities.
Review: Trump crypto companies raise conflicts of interest, initiate negotiation issues