Main takeout
- Warren and Senator Schiff are looking for an ethical investigation into Trump’s dinner with Trump token.
- The value of Trump tokens has increased by 50% after dinner with Trump.
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According to a recent report from CNBC, Senator Elizabeth Warren and Senator Adam Schiff are demanding ethical investigations after Trump’s personal dinner with the president for major holders of Trump Meme Coin.
Senators accused the US Government Ethics Office (OGE) to sell exclusive presidential approaches in exchange for financial investment and raised concerns about the “play” practices and potential personal concentration for President Trump and his family.
“This latest action raises serious ethics and legal issues, including Trump and other civil servants, who are corrupted by selling the president’s approach to individuals and organizations, and include ‘serious risks that can be involved in corruption’ to include foreigners and corporate actors who have interests in federal action.
Senate Warren and Skipa warned that the agreement could open to foreign citizens and corporate actors, as the Senate Warren and Skiping urged them to investigate whether Trump had violated federal ethics standards.
They also questioned whether Trump or his family had an ethical guideline for the interests of digital assets in the office. They asked what protection means exists to prevent individuals from seeking political favor to prevent influence from using encryption investment.
The exclusive dinner released on Wednesday can be accessed to the 220 wallet holders of $ Trump Token. The event will be held on May 22 at Trump National Golf Club, and there are strict security measures including background inspection and wallet regulations.
$ Trump has seen more than 70% value shooting after promotion. According to TradingView Data, tokens are currently trading at about $ 14, down almost 6% over the last seven days.
Senator Jon Ossoff, who joins Warren and Schiff, is demanding Trump’s impeachment against the controversial $ Trump Coin Dinner invitation.
Attempts will not be successful
The Republican members currently controlled the White House and Congress and Trump’s directors will be ignored.
OGE can issue ethics recommendations, but lack of enforcement authority to the president. In the past, the president was encouraged to voluntarily comply with ethical standards but did not demand.
The OGE can mention potential violations for investigating and execution of the Ministry of Justice or the inspector, but it cannot be forced to comply with regulations.
Since its launch in January, $ Trump Meme Coin is known to have generated more than $ 350 million in commissions for the president and his inner organization. The website of this project says 80%of the token supply is owned by Trump organizations and affiliates.
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