Donald Trump has devised a system allowing wealthy donors and foreign interests unprecedented access through a cryptocurrency contest involving his $TRUMP coin. The top 220 coin owners will receive a dinner with Trump and a White House tour, raising concerns among ethics watchdogs about foreign influences on U.S. politics. An analysis revealed that 19 of the top 25 wallets for the coin are likely foreign-owned, suggesting that access can be bought more easily than through traditional fundraising routes, provoking critiques about transparency and ethics in political fundraising.
Democrats and government ethics watchdogs immediately warned that the sweepstakes was an obvious scheme to allow foreign interests to buy access to the president like never before.
An analysis by Bloomberg showed that 19 of the top 25 wallets showed that they were almost certainly owned by people operating outside the United States.
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