On May 22, US President Donald Trump was expected to accommodate up to 220 people who bought the most important quantities of his same during a private event in Washington, DC.
Although the exact number of participants is unknown during May 19, the Blockchain’s reports and data revealed that some of the token holders who qualified to request dinner and the “VIP visit” of May 22 “and the reception, presumed to the White House. Bloomberg reported on May 7 that more than half of the 220 portfolios were probably controlled by foreign nationals.
Among the candidates for the same dinner, who are probably still faced with history checks before obtaining a confirmed appearance before the president, included the founder of Synthetix, Kain Warwick, a consultant appointed Vincent Deriu, and the user of Crypto Morten Christensen, who would have paid only $ 1,200 for the opportunity.
Others included a World Liberty financial advisor according to the pseudonym “Ogle” and a representative of the startup based in Singapore Memecore. Cointelegraph also learned that Vincent Liu, director of investments for the company based in Taiwan, Kronos Research, plans to attend.
Trump’s same, even before dinner and the reception announced, was criticized by many members of the congress.
Some legislators said that the president opened the White House with potential bribes and conflicts of interest by allowing people, perhaps linked to foreign governments, to put money directly in his pockets without transparency.
Interfering with market structural invoices, market structure invoices
The controversy has spread in the proposed legislation linked to digital assets, in particular a bill in the Senate aimed at establishing a regulatory framework for Stablecoins and a bill on the structure of the market in the House of Representatives. Some Democrats have declared that they would not support any legislation as long as “Trump’s cryptographic corruption” has been discussed.
“Democrats believe that this is only an official means by which corruption,” said Rebecca Liao, co-founder and CEO of the Blockchain Saga de Pay-1, in a press release shared with Cointelegraph. “What started as a bipartite bill with potential general support has now been transformed into a proxy war between Democrats and the Trump administration.”
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Some organizations planned demonstrations at the same May 22 dinner. The Democratic Party arm in Arlington, Virginia, announced that its members would meet to oppose those of the White House “hosting their public service”. Cointelegraph stretched out the organization to comment but did not receive an answer at the time of publication.
Buying influence or simply speculating on an emerging market?
The 220 best token holders would have spent $ 148 million combined to have the opportunity to attend the event, which finalized its ranking on May 12. However, anyone with a wallet can still buy Trump tokens and potentially influence the president’s policies after the end of dinner.
“The decision to acquire the token (Trump) was not political,” said Kronos, who plans to attend the same, told Cointelegraph Vincent Liu. “It was based on the identification of early momentum, cultural relevance and potential market catalysts.”
In April, Freight Technologies said that he would invest $ 20 million in the Trump token, suggesting that he could affect the president’s trade policies between the United States and Mexico, where the company conducts part of its activities. GD Culture Group announced in May that the same would be included in its plans for a cryptography reserve of $ 300 million.
“The question is the conflict of interest between cryptographic investments of the Trump family and the administration of the administration towards the user -friendly policies of the crypto,” said Liao. “The Trump family has very openly invested in the crypto and launched their own crypto companies.
https://www.youtube.com/watch?v=VKC5QCRVDC0
If the Stable Bill, the Engineering Act is the first test on the way Republicans and Democrats will react to the potential conflicts of Trump’s interest in the cryptographic industry, there is already a striking contrast between the two parties.
The president of the room, Mike Johnson, largely postponed the concerns concerning the president and his family’s bonds with the industry, saying that he was “not an expert in this”. The assistant press secretary of the White House, Anna Kelly, would have said that there were “no conflicts of interest” because Trump’s children had managed his assets through a trust.
Legislators should vote on the engineering law in a few days, perhaps before dinner and reception of the same are organized. At the time of the publication, it was not clear if the Republicans intended to respond to some of the concerns of the Democrats around Trump and Crypto, or to go ahead with a vote without significant modification of the bill.
Review: Trump crypto companies raise conflicts of interest, initiate negotiation issues
