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Washington – Senators Adam Schiff and Elizabeth Warren warn that the private dinner of President Donald Trump with the holders of his meter piece could constitute “pay to play” corruption and calls for an ethical investigation.
Democratic senators, California and Massachusetts, respectively, sent a letter on Friday to the American Office for Ethics of the Government, asking for an investigation to determine if President Trump violated the rules of federal ethics by providing exclusive access to the best investors in his coin $ Trump.
The letter concerns a promotion, announced on the same corner website on Wednesday, offering the 220 best holders of the token dinner with the president on May 22 in his golf club near Washington, DC The play jumped 50% after the invitation.
“The announcement of President Trump promises exclusive access to the presidency in exchange for important investments in one of the president's commercial companies,” the senators wrote in a letter shared with CNBC on Friday.
The value of the medal jumped by more than $ 100 million after the announcement, which has raised fears that Trump and his family benefit personally from their political influence, the senators wrote.
“This last action raises a serious ethics and legal concerns, in particular the serious risk that President Trump and other civil servants engage in corruption” paying “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”, wrote the senators.
They cite several public reports showing that some Trump $ investors have links with foreign exchanges or have received funds from cryptographic platforms prohibited in the United States, including Binance.
Schiff and Warren Senators ask ethics officials if advice has been provided to Trump or his family to take advantage of digital assets during their mandate, and what guarantees exist to prevent people under survey or seek Pardons from buying political access through investments.
With the White House and the two chambers of the Congress controlled by the Republicans and with an ethics director appointed by the President, the letter of the Democratic senators is likely to fall into the ears of a deaf.
Trump and his allies continue to grow more deeply in cryptographic markets. Last month, the Trump family announced their intention to launch a stablecoin through their World Liberty Financial project.
Since its beginnings 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 claims that 80% of the tokens supply is held by the Trump organization and the affiliated entities.
The government's ethics office and the White House did not immediately respond to requests for comments.
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