Trump Faces Criticism Over Crypto Ventures Amid Gala Plans

Former President Donald Trump is facing bipartisan criticism over his involvement in various crypto ventures, including the TRUMP memecoin, as lawmakers raise concerns about potential conflicts of interest and ethical implications. House Democrats are planning a walkout from a congressional hearing on crypto legislation, citing worries that Trump’s business dealings, such as the USD1 stablecoin and World Liberty Financial, could improperly influence U.S. policy. While Trump has publicly denied profiting from his crypto-related activities, blockchain data reveals that entities linked to him have generated substantial revenue from token sales and related fees. Despite his claims of little involvement, filings and on-chain analyses indicate notable activity and financial gain from wallets associated with Trump. His campaign's strategy, which includes exclusive events for top token holders and high-priced fundraising dinners, has sparked debate over the merging of political access with digital asset speculation. This intersection of politics and cryptocurrency continues to raise questions about transparency, ethics, and the future role of blockchain in political fundraising.