Trump dinner for meme coin buyers prompts senators to demand ethics probe

WASHINGTON — Senators Adam Schiff and Elizabeth Warren are warning that President Donald Trump's private dinner with holders of his meme coin may constitute "pay to play" corruption, and are calling for an ethics investigation. The Democratic senators, from California and Massachusetts, respectively, sent a letter on Friday to the U.S. Office of Government Ethics, asking for a probe to determine if President Trump violated federal ethics rules by offering exclusive access to top investors in his $TRUMP coin. The letter pertains to a promotion, announced on the meme coin's website on Wednesday, offering the top 220 holders of the token dinner with the president on May 22 at his golf club near Washington, D.C. The coin jumped by 50% in value after the invitation was posted. "President Trump's announcement promises exclusive access to the presidency in exchange for significant investment in one of the President's business ventures," the senators wrote on Friday, in a letter shared with ... Read full article.