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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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  • FTX seeks time to respond as creditors fight freeze on $470M foreign claims
  • To the moon? Justin Sun to be launched into space after $28M bid
  • Bitcoin bull run 'likely close to over' says trader as XRP flips McDonald's
  • Trump’s media company reports $2B in Bitcoin after crypto bills pass US House
  • Stablecoin or CBDC? Tether’s latest freeze adds fuel to decentralization debate
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