US House members call for investigation into Trump's memecoin dinner
Members of the US House of Representatives requested the Justice Department to investigate Donald Trump's May 22 dinner for memecoin investors, citing concerns over foreign influence and potential violations of the emoluments clause. A letter signed by 35 House members urged an inquiry into whether the dinner breached federal bribery laws. The emoluments clause prohibits a president from accepting gifts from foreign states without Congressional approval. Many attendees were likely foreign nationals linked to crypto exchanges, raising concerns about undisclosed foreign influence. Protesters gathered outside the event, demanding transparency regarding the guest list. The dinner could impact pending legislation on cryptocurrency regulation, with Democratic lawmakers proposing bills to limit access to cryptocurrencies for high-ranking officials and address Trump's connections to crypto platforms.
