At a private dinner for investors in the $TRUMP memecoin, Donald Trump used the presidential seal, raising legal concerns.
Criticism of the Presidential Seal Usage
Trump spoke at the event at Trump National Golf Club, where he gathered 220 investors for his cryptocurrency project. The use of the presidential seal may violate a law prohibiting its use in ways that imply government endorsement.
Request for Investigation
35 House members have asked the Justice Department to investigate the dinner for possible violations of federal bribery laws and the emoluments clause, which bars the president from accepting gifts from foreign states without congressional approval.
Trump and Cryptocurrency
Trump's engagement with cryptocurrency marks a sharp turn from his previous skepticism. The $TRUMP memecoin, launched earlier this year, peaked at $74.34, then fell to $14.44.
Trump's use of the presidential seal at such an event raises questions about the legality and ethical standards associated with his personal investments and political activities.
