US senators press for answers on Trump's crypto interests
Massachusetts Senator Elizabeth Warren and California Senator Adam Schiff have urged the US Office of Government Ethics to investigate concerns regarding President Donald Trump's memecoin and media company. They highlighted potential ethical violations, including the risk of foreign actors using the memecoin to gain political influence over Trump. The senators expressed that Trump's announcement of exclusive access to the presidency in exchange for investments could violate federal bribery laws and constitutional prohibitions. Warren also called on SEC Chair Paul Atkins to ensure oversight of Trump's media company is free from political interference. The dinner for top TRUMP token holders is scheduled for May 22 at Trump’s golf club, with speculation about attendees including notable figures like Justin Sun and Elon Musk.
