Members of the U.S. House of Representatives urged the Justice Department to investigate Donald Trump’s May 22 dinner for his top memokine investors, citing concerns about “foreign influence on US policy decisions” and “potential corruption and violation of the emoluments clause.”
In a May 22 letter to the Department of Justice, 35 House members asked Edward Sullivan’s head of public honesty department to begin an investigation via Memocoin Dinner to determine whether they violated the federal bribery law or the foreign removal clause of the U.S. Constitution.
Under the emoluments clause, the US president is prohibited from accepting foreign gifts without Congressional approval. Bloomberg reported that the majority of attendees at the Memecoin dinner are likely foreigners based on their connection to the crypto exchange.
“U.S. law prohibits foreigners from contributing to US political campaigns,” the letter said. “But $Trump’s memo coin, which includes a promotion of dinner that promises exclusive access to the president, opens the door for foreign governments to buy influence with the president, all without revealing their identity.”
The inquiry and press conference, asking Trump to “release a guest list” for dinner took place just hours before an event held at Trump National Golf Club, a suburb of Washington, D.C. A group of protesters joined by Senator Jeff Markley gathered outside the venue with signs saying “an illegal crypto party” and “democracy is not on sale.”
Related: Who attended Trump’s controversial memocoin dinner?
While some of the dinner participants covered their faces with masks to hide their identity, protesters and media members confirmed that Tron founder Justin Sun appeared at the event and other Trump supporters who posted on social media. The full list of participants was not available at the time of publication.
Memecoin dinners are still likely to affect legislation pending
In addition to the DOJ’s call for an investigation, Democrats in the House and Senate proposed legislation to address what is called “Trump’s Cryptocracy” as Congress considered a bill that would regulate the stubcoin and market structure bill.
Initially, several Senate Democrats voted against the advancement of the Stubcoin bill, known as the Genius Act, later worked with Republicans to hold debates in Congress.
Representative Maxine Waters has introduced a bill that would restrict access to the US president, vice president, members of Congress and their families to cryptocurrency. The senator also proposes amendments to the Genius Act to address connections with World Liberty Financial, a cryptographic platform supported by the president’s family that issued USD1 Stubcoin.
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