The Trump Family continues to advance into cryptocurrency territory while critics express increasing concern. President Donald Trump has scheduled a private dinner for the top 220 holders of his $TRUMP meme coin at his D.C.-area golf club on May 22. The President maintains that everything remains lawful and transparent yet many observers view this move as an ethical boundary violation.
The $TRUMP coin entered the market shortly before Trump’s second inauguration with the declared purpose of creating entertainment. The President’s decision to grant access to his position based on investment in his digital token has sparked rapid growing concerns among the public. The situation creates a perception of pay-for-access politics which violates the ethical standards of the Oval Office.
The Trump Family demonstrates no intention to withdraw from their current position. The move joins multiple business ventures which connect to Trump’s political activities. The combination of crypto hype with presidential power creates an unprecedented situation regarding conflict-of-interest rules regardless of legal status.
