“Regardless of whether it is a utility token or memecoin, it is not regulated by SEC,” says Lisa Bragança, a lawyer in Bragança Law and former head of the SEC branch. Therefore, to avoid the attention of regulatory bodies, Trump only has to refrain from fraud and unfair commercial practices, he says.
However, experts are wondering if it may have legal implications. Although from the very beginning critics argued that Trump could create a bribe path – investing enormous sums in a coin, raising its price, politically motivated actors could theoretically curry the President’s favor – dinner causes a risk of violation of weakening restrictions.
“If the Yemen’s government buys a lot of memeins, we won’t know each other,” says Bragança. “If it is a utility coin and, say, a representative of Russia appears for dinner with the president, we know that it is a matter of salary.”
Today, access to the sitting US president has a greater potential political currency than ever. “Trump connects even greater power in the executive department than anyone before,” says Hauser. “With increasing power, there is a larger warehouse about favor that you can sell.”
Currently, the names of Trump owners win a place for dinner They are hidden behind nicknames and alphanumeric addresses of the cryptographic portfolio. The White House did not answer the question whether the list of participants will be made public.
Whether Trump would encounter any consequences for the theoretical violation of the provisions on foreign prejudices depends on the strength of his embrace at the Congress, the political class designed to maintain the constitution, including through impeachment.
In the Congress rooms, Trump’s calls are already growing. “He gives the audience to people who buy Memecoin, who directly enriches it,” said Senator Democrat Jon Ossoff in Town Hall meeting April 25. “There is no doubt that this president’s behavior has already exceeded all the previous standard of impeachment.”
For now, the Republican majority of the Congress and the recall of Trump of his party mean that the calls of impeachment are unlikely to go anywhere. Also, Trump earlier won in many processes claiming that for the first time he violated the salary clauses in connection with his hotel activity, which was later released.
“The violation of the constitution should be a great matter, but how to make it a consequence, it is difficult,” says Hauser. “At the moment Trump rules the Republican party with such an iron hand that the concept of successful impeachment leading to guilty is simply a bit fancy.”
However, in his potential for painting Trump in an unflattering featherlight – as a president who puts his own financial interests over the interest of the nation – dinner with the Trump coin can contribute to changing the shield. In the case of intra -fifteenth elections, only a year and most of the Republican Chamber only a petite, public perception.
“The possibility of corruption is not significantly changed by dinner. But the optics is potentially much worse for Trump,” says Hauser. “Invisibility changes the chances of the consequences that Trump violates the salary clause. This creates more sensitivity.”