Senator Cynthia Lummis and another Republican member of Congress expressed criticism towards US President Donald Trump for offering a dinner and White House tour to the top holders of his memecoin. According to a May 2 CNBC report, Lummis stated that the concept of providing exclusive access to himself and the White House in exchange for payment raised concerns. Republican Senator Lisa Murkowski also voiced disapproval, stating that charging for tours of the Capitol would not be appropriate. Despite the criticism, Lummis posted a video on May 2, expressing approval of Trump’s support for legislation to establish a strategic Bitcoin (BTC) reserve in the US. The BITCOIN Act aims to codify Trump’s executive order for a national crypto reserve. The launch of the TRUMP coin in January sparked outrage due to potential conflicts of interest and concerns about foreign funding. Criticism escalated when Trump announced the opportunity for top memecoin holders to apply for a White House tour and dinner. Calls for Trump’s impeachment emerged, with Georgia Senator Jon Ossoff claiming the dinner represented selling access through direct payments. It remains unclear which memecoin holders will attend the dinner on May 22, leading to speculation about attendees like Justin Sun and Elon Musk. As of now, no formal announcements have been made by the individuals or companies. The situation highlights concerns about conflicts of interest in Trump’s crypto ventures and the implications of his actions.
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