Trump’s use of presidential seal at memecoin event raises legal questions
President Donald Trump spoke at a private event for investors in his $TRUMP memecoin, using the presidential seal, which may violate federal law prohibiting its use to imply government endorsement. The event occurred at Trump National Golf Club in Virginia, attended by 220 investors. White House Press Secretary Karoline Leavitt stated Trump's involvement was personal and not a White House event. A letter from 35 House members requested an inquiry into potential violations of federal bribery laws and the emoluments clause, particularly regarding foreign nationals attending the dinner. Trump's recent embrace of cryptocurrency contrasts with his earlier skepticism. The $TRUMP memecoin has seen significant fluctuations in value. High-profile attendees included Tron founder Justin Sun and ex-NBA player Lamar Odom.
