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US senators press for answers on Trump's crypto interests

cryptoweekly by cryptoweekly
April 28, 2025
in bitcoin, News
0

There were calls for additional investigations and possibly impeachment of the US president after he announced a “gala dinner” and White House tour for his top memecoin holders.

Massachusetts Senator Elizabeth Warren has called on government officials to address questions related to US President Donald Trump’s memecoin and his media company.

In an April 25 letter to Jamieson Greer, acting director of the US Office of Government Ethics (OGE), Warren, a Democrat from Massachusetts and California Democratic Senator Adam Schiff requested that officials address concerns about Trump’s memecoin after the president announced a dinner and White House tour for some of the individuals who held the most TRUMP tokens. The two senators requested that Greer provide information on safeguards and guidelines related to whether foreign actors and others could buy political influence with the president, potentially impacting his policy positions and federal pardons.

“President Trump’s announcement promises exclusive access to the presidency in exchange for significant investment in one of the President’s business ventures,” wrote the two senators.

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Recent Posts
  • Spanish bank BBVA suggests clients make 7% crypto allocation
  • Bitcoin and HYPE could get $844M total windfall from 4 public US firms
  • Bitcoin downside risk lingers, upside hinges on holding above $102K
  • Meta Pool hit with $27M exploit, but attacker flees with only $132K
  • JPMorgan, SEC meet to discuss capital markets moving onchain
  • SEC opens Franklin Templeton XRP, SOL ETF proposals to comments
  • US Senate passes GENIUS stablecoin bill in 68-30 vote

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