Invitations to private reception with US president fuel $TRUMP’s 50% price rise and add to conflict of interest fears

A recent promotion for a private dinner with former President Trump at his Virginia golf club has sent the value of the $TRUMP meme coin soaring by over 50%. This event is exclusive to the top 220 investors in the cryptocurrency, which Trump launched shortly before his inauguration. Critics have raised concerns about ethical implications, suggesting this could be a method for circumventing Federal Election Commission limits on contributions to his political campaign. The promotional campaign states that the dinner will provide opportunities for close interaction with Trump while addressing the future of cryptocurrency. Importantly, a significant portion of the $TRUMP coin is controlled by Trump-affiliated entities, raising further alarm about possible self-dealing and conflicts of interest. Trump, positioning himself as a pro-crypto advocate, expresses ambitions to turn the U.S. into a cryptocurrency hub. However, many view this latest venture as another instance of exploiting his political position for monetary gain. Lawmakers and ethics watchdogs have voiced concern that Trump is normalizing potentially corrupt behavior by touting investments tied to his presidency. In another instance, recent polls indicate that Trump's approval ratings are lower than those during his first term, indicating a lack of public trust that could exacerbate the perception of corruption surrounding his financial endeavors.