Financial and Ethical Concerns
's $TRUMP cryptocurrency token surged after announcing a private dinner for top holders, raising nearly $900,000 in trading fees over two days and boosting its market value to $2.7 billion.
Critics, including Democratic Senators and ethics experts, argue the promotion amounts to "pay to play" corruption, exploiting presidential access for financial gain, despite potential legal ambiguities.
Political Reactions and Regulatory Responses
Democratic Senators and have called for an investigation by the , citing grave concerns over ethics and legality.
Trump, positioning himself as a "crypto president," has garnered substantial crypto community support, raising questions about conflicts of interest and the administration's regulatory approach.