Several prominent Democratic senators held a surprise press conference about President Trump, his cryptocurrency transactions, and the upcoming meme coin dinner. They demanded the immediate release of the full guest list and accused the president of selling the benefits of US policy to foreign entities.
This press conference indicates growing opposition to the political influence of the cryptocurrency industry. However, as the passage of the GENIUS Act suggests, many Democrats are currently satisfied with a pro-cryptocurrency agenda.
Democratic Party Calls Trump Meme Coin Dinner 'Everest of Corruption'
The meme coin named after President Trump has particularly caused much controversy. This is especially true regarding the gala dinner contest for the largest holders.
The dinner is scheduled for this evening, but the guest list remains undisclosed, with several Democratic senators and representatives publicly demanding answers from President Trump.
"Most attendees tonight will likely be foreigners. These could be individuals connected to terrorist organizations, Vladimir Putin, sanctioned persons, Gulf princes, and oligarchs. They might pay to meet the US President and request national security concessions. This is a festival of corruption. At the very least, let us know who they are. Disclose the names," claimed Senator Chris Murphy.
Murphy was joined by Democratic cryptocurrency skeptics addressing Trump's potential cryptocurrency corruption, including Senators Elizabeth Warren, Jeff Merkley, Richard Blumenthal, Representative Sam Ricardo, and other civilian activists.
Murphy also mentioned that Secretary of State Marco Rubio will not attend the dinner. In fact, it is reported that the Secretary was not even aware of this event.
If most attendees are foreign and remain anonymous, this could raise concerns about US national security.
Their criticism also focused on several recurring points: dismantling regulatory agencies, Trump's family business connections, and potential political corruption.
'White House for Sale'... Democratic Party: "Cryptocurrency Negatively Impacts National Policy"
Warren noted that after TRON founder Justin Sun won the TRUMP contest, the SEC withdrew a case against his company.
Despite these elected officials strongly opposing Trump's cryptocurrency corruption, not all Democrats agree. Despite vocal opposition from skeptics, 16 Democratic senators defected this week to pass the GENIUS Act.
Senators like Kirsten Gillibrand have received substantial amounts from cryptocurrency lobbies, and the industry's remaining political influence remains uncertain.
Ultimately, these Democratic cryptocurrency skeptics demanded clearer information about Trump's business entanglements.
Jeff Merkley mentioned that these 220 TRUMP holders want more than a simple dinner or airdropped Non-Fungible Tokens. Many seek political influence, and Congress has mechanisms to clarify whether they are making progress.
It remains uncertain whether these Democratic representatives can successfully restrain Trump's actions. What is clear is that legislative hostility towards the cryptocurrency industry is solidifying.
