President Trump and his partners held a contest for cryptocurrency investors to win a dinner with him based on their holdings of the $TRUMP memecoin. However, 17 of the 220 winners managed to secure invitations without holding any coins at the contest’s end due to a loophole in the rules, which assessed average holdings over the competition duration. Critics, including Senator Jeff Merkley, have condemned the event as a corrupt scheme for profit, raising concerns about the influence of foreign buyers and the ethical implications of selling access to the president.
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