At least some of Donald Trump’s main memecoins holders requesting to attend a private dinner with the president could reside outside the United States.
According to a Bloomberg report of May 7 based on an analysis of Trump’s main memecoins holders, 19 of the first 25 wallets in the classification table used foreign exchanges that exclude customers based in the US. In addition, more than half of the 220 main holders – the group with the right to request dinner with the president – also used exchanges from other countries.
On May 7, the identities of the main Tokenholders and those who might choose to request dinner with Trump and the “special VIP visit” of May 22. However, the project claimed that anyone who presented could not carry guests, had to pass a background check and “cannot be from a country of the surveillance list [Conozca a su cliente]”.
The implications of having dozens or hundreds of memecoins holders potentially linked to foreign governments and interest groups have raised ethical concerns of some US legislators, stating that Trump was participating in the corruption “Pay-to-Play”. At least one senator has asked for the president’s dismissal, saying that Trump was “selling access, so they are effectively payments directly to him.”
Concern for memecoin brakes crypto legislation
Democratic legislators in the House of Representatives and the Senate have already been pressed against considering any legislation related to crypts until the Republicans address concerns about “Trump’s crypto corruption.” The Senate is expected to vote on a bill that regulates the stablcoins on May 8, and the Republicans of the Chamber recently presented a draft discussion of a draft Law of Digital Assets Market Structure.
The then elected president Trump launched the Memecoin on January 17 -three days before assuming the position -followed by the first lady introducing her own Token. Two companies linked to Trump control approximately 80% of Memecoins’ offer.
The launch of the Memecoin and its potential influence on the president and its agenda has already taken some companies to get into the car. On April 30, a truck logistics management company announced an investment of USD 20 million in the Token Trump, suggesting to influence Trump’s commercial war between the US and Mexico, where the company carries out a large part of its businesses.
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