Interest groups, lawmakers to protest Trump's memecoin dinner
Democratic organizations and members of Congress plan to protest Donald Trump’s memecoin dinner on May 22, where attendees reportedly spent over $100 million for access to the president. Critics argue this event raises concerns about bribery and corruption. Some lawmakers have withdrawn support for crypto legislation due to the dinner, with Public Citizen stating that Trump's actions violate constitutional principles regarding foreign investments. Notable crypto figures are expected to attend the dinner at Trump National Golf Club. Protests and press events are scheduled, with calls for accountability regarding Trump's involvement in crypto ventures. Concerns about conflicts of interest related to Trump's family and crypto projects have influenced legislative discussions, including the GENIUS Act, which aims to regulate stablecoins. Senators have expressed the need for oversight and transparency regarding the dinner's attendees.
