President Donald Trump is in the face of analysis after a speech at a private event for the highest investors in his $ Trump Memecoin, standing behind the painter decorated with the official presidential seal – a movement that can violate federal law.
The event took place on Thursday at Trump National Golf Club in Virginia, where Trump turned to 220 investors in his cryptocurrency project.
In our opinion lawThe presidential seal cannot be used in any way, which may mean approval of the government or sponsorship. The infringers can face the fines or up to six months in prison.
Trump, who came to the club aboard a military helicopter, praised participants and aimed at the cryptographic attitude of Biden administration.
When asked about potential conflicts of interest, the press secretary of the White House Karoline Leavitt he said The president’s commitment was personal. “This is not a dinner in the White House,” she told journalists. “It does not take place here in the White House.”
Related: Pictures give insight into Trump Memecoin Holder dinner
Trump contains a presidential seal in private real estate
This is not the first time Trump occurred in the presidential seal in his private real estate. Forbes earlier Reported Its operate as golf markers in several clubs belonging to Trump.
In a letter of May 22 to the Department of Justice, 35 members of the Chamber asked for participation in the public integrity section, Edward Sullivan, to investigate Memecoin dinner in order to determine whether he violated the federal bribe act or a clause of foreign salary of the US constitution.
According to the impairment clause, the US President is not accepted by any gift from a foreign country without the consent of the congress.
Bloomberg Reported that most of the participants of Memecoin dinner were probably foreigners based on their connections with cryptocurrency exchanges.
“American law prohibits foreign people to contribute to American political campaigns,” said the letter. “However, $ Trump Memecoin, including a promotion of dinner promising exclusive access to the president, opens the door for foreign governments to buying influence with the president, all without revealing their identity.”
Related: The American legislator presents the anti -corruption account before Trump’s dinner
Trump covers crypto despite earlier skepticism
Adopting Trump’s cryptography means a rapid phrase from his skepticism during the first term. $ Trump Memecoin, released at the beginning of this year, reached the peak of 74.34 USD before it dropped to USD 14.44 until May 22.
Gośnica for dinner was the founder of Tron Justin Sun, former player of NBA Lamar Odyom and the Asian leadership of cryptography Sanggrok Oh and Vincent Liu.
Sun, who reportedly invested over $ 40 million in $ Trump tokens and spoke at dinner, also has deep connections with Trump’s cryptographic projects. He is the best supporter of World Liberty Financial, a company related to Trump under regulatory control.
Warehouse: Crypt Hub Expose Caske becomes viral, cocoa detects 70k fraud applications: Asia Express
