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US House members call for investigation into Trump's memecoin dinner

cryptoweekly by cryptoweekly
May 23, 2025
in bitcoin, News
0

More than 30 members of the US Congress signed onto a letter alleging that Donald Trump could have violated the Constitution by inviting his memecoin investors to a private dinner.

Members of the US House of Representatives called for the Justice Department to investigate Donald Trump’s May 22 dinner for his top memecoin investors, citing concerns about “foreign influence over US policy decisions” and “potential corruption and emoluments clause violations.”

In a May 22 letter to the Justice Department, 35 House members asked the public integrity section acting chief, Edward Sullivan, to launch an inquiry over the memecoin dinner to determine whether it violated the federal bribery statute or the foreign emoluments clause of the US Constitution. 

Under the emoluments clause, a US president is barred from accepting any gift from a foreign state without the approval of Congress. Bloomberg reported that a majority of the attendees at the memecoin dinner were likely foreign nationals based on their connections to crypto exchanges. 

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Recent Posts
  • Bitcoin price ‘breather’ expected as short-term traders realize $11.6B in profit
  • US House members call for investigation into Trump's memecoin dinner
  • ‘In ‘93, it became clear to me AI should be decentralized’ — Ben Goertzel
  • Crypto, NFTs are a lifeboat in the sinking fiat system: Finance Redefined
  • Price predictions 5/23: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK
  • Bitcoin’s bull market will ‘redefine’ BTC’s role in modern portfolios — Fidelity research
  • Bitcoin price drops 4% as Trump EU tariff talk liquidates over $300M

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