On May 25, US House Speaker Mike Johnson told CNN’s Jake Tapper that he knew nothing about Trump’s May 22 meme coin dinner and opted not to share his opinion on the event. Johnson claimed he “was a little busy this past week,” focusing on passing a $1.6 trillion federal budget funding bill. He also said Trump was “the most transparent president” in history and “has nothing to hide”.
The dinner has sparked concerns among Democrats, with 35 House Democrats calling for the Justice Department to investigate. They suspect Trump may be accepting foreign investments in violation of federal bribery statutes or the Foreign Emoluments Clause of the Constitution. Under the Emoluments Clause, the US president is barred from accepting any gift from a foreign state without the approval of Congress.
Trump invited the top 220 largest holders of the official Trump (TRUMP) meme coin to his event at the Trump National Golf Club in Virginia. The most notable attendee was the Chinese – born Tron CEO Justin Sun, the largest holder of the Trump token and the biggest backer of the Trumps’ crypto platform World Liberty Financial.
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