Main to remember
- Senators Warren and Schiff are looking for an ethical investigation into Trump dinner with Trump tokens holders $.
- The value of $ Trump Token jumped 50% after the announcement of the dinner with Trump.
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Senators Elizabeth Warren and Adam Schiff are calling for an ethical investigation into President Trump after Trump’s official project announced a private dinner with the president for the main holders of $ Trump’s part, according to a recent CNBC report.
In a letter sent to the US Office of Government Ethics (OGE), the senators accused the offer of selling exclusive presidential access in exchange for financial investments, to raise concerns concerning the practices of “paying to play” and a potential personal enrichment for President Trump and his family.
“This last action raises a serious ethics and legal concerns, in particular the serious risk that President Trump and other civil servants engage in” remuneration to play “by selling presidential access to individuals or entities, to include foreign nationals and business actors having acquired interests in federal action, while enriching the president and his family personally”, according to the letter.
By urging the OGE to examine whether Trump has violated federal ethics standards, Senators Warren and Schiff warned that the system could open the door to foreign nationals and businesses, some potentially federal investigation, obtaining political access simply by investing in Trump’s cryptographic projects.
They also wondered if Trump or his family had received ethical advice on the benefit of digital assets during their mandate. They asked what guarantees, if necessary, exist to prevent individuals from looking for political favors or forgives from using cryptographic investments to buy an influence.
The exclusive dinner, unveiled on Wednesday, will be accessible to the 220 portfolios of the $ Trump $ token. The event will take place on May 22 at the Trump National Golf Club, with strict security measures, including records of the history and checks for the compliance of the portfolio.
$ Trump saw its value get more than 70% after promotion. The token is currently negotiating at around $ 14, down almost 6% in the last seven days, according to tradingView data.
Senator Jon Ossoff, joining Warren and Schiff, calls for the dismissal of Trump at the controversial invitation of the Dinner of the coin.
It is unlikely that attempts will succeed
The Republicans now controlling the White House and the Congress, and the director of the OGE appointed by Trump himself, requests for the responsibility of the senators are likely to be ignored.
Although the OGE can issue ethics recommendations, it lacks application power on seated presidents. In the past, he has encouraged, but did not have to, the presidents voluntarily adhere to ethical standards.
The OGE can refer potential violations to the Ministry of Justice or the general inspectors for investigation and application, but it cannot oblige compliance.
Since its launch in January, the $ Trump memes play has generated more than $ 350 million in fees for the entities linked to the president and its inner circle. The project website indicates that 80% of the tokens offer is owned by the Trump organization and affiliated entities.
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