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May 15, 2025legislativecongressional oversightethicscrypto marketsforeign influenceoversightcryptoethics

Blumenthal announces resolution condemning Trump crypto self-enrichment

On May 15, 2025, Sen. Richard Blumenthal announced a Senate resolution condemning what he called Trump crypto corruption ahead of the TRUMP memecoin dinner. The resolution followed reporting that a company with ties to China and TikTok sought to buy as much as $300 million of the president's memecoin.