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Time of India
24-05-2025
- Business
- Time of India
Donald Trump sparks legal storm after flashing Presidential seal at controversial $TRUMP memecoin gala dinner
Donald Trump faces controversy after showcasing the presidential seal at an exclusive cryptocurrency dinner for his $TRUMP memecoin investors. The event has prompted legal questions regarding possible federal law violations. It has been criticized as a matter of concern regarding bribery, influence, and ethics, especially given Trump's recent acceptance of cryptocurrency, as per reports. Did Donald Trump break the law by using the seal? President Donald Trump is under investigation for possibly breaking federal law when he stood behind a lectern bearing the official presidential seal while addressing a private gathering for leading investors in his $TRUMP memecoin, as quoted in a report by Coin Telegraph. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Most Gorgeous Female Athletes Ranked. But Did We Get It Right? Learn More Undo Donald Trump spoke to 220 cryptocurrency investors at the event, which was held Thursday at the Trump National Golf Club in Virginia. ALSO READ: Trump ally Marjorie Taylor Greene gets into a fight with Elon Musk's xAI bot Grok, users royally troll her Live Events The presidential seal is prohibited by US law from being used in any way that would suggest endorsement or support from the government. Infractions may result in fines or a maximum jail sentence of six months. President Trump praised guests and criticized the Biden administration's position on cryptocurrency. White House Press Secretary Karoline Leavitt responded that the president's involvement was personal when questioned about possible conflicts of interest. She informed reporters that it was not a White House dinner as it ain't happening at the White House. Donald Trump has previously displayed the presidential seal on his private properties. Its use as golf markers at a number of Trump-owned clubs has already been documented by Forbes. Is foreign influence a real concern here? In a letter to the Justice Department dated May 22, 35 members of the House requested that Edward Sullivan, the acting head of the public integrity section, begin an investigation into the memecoin dinner to see if it violated the US Constitution's foreign emoluments clause or the federal bribery statute. A US president cannot accept a gift from a foreign nation without Congress's consent, according to the emoluments clause. According to Bloomberg, the majority of people who attended the memecoin dinner were probably foreigners because of their ties to cryptocurrency exchanges. The letter stated that foreigners are not allowed to donate to US political campaigns due to US law. But the $TRUMP memecoin, which advertises a dinner with special access to the president, makes it possible for foreign governments to purchase influence with the president without revealing who they are, as per a report by Coin Telegraph. FAQs Why is Donald Trump in trouble for the memecoin dinner? He used the official presidential seal at a private investor event, potentially violating federal law and raising ethical concerns. Who attended the dinner? Foreign crypto investors, Tron founder Justin Sun, and former NBA star Lamar Odom were among those in attendance.
Yahoo
07-02-2025
- Business
- Yahoo
Hilbert Group Announces Launch of Platform for Trading of Tokenized Equities and Popular Pre-IPO Shares Such as SpaceX, OpenAI and Antrophic
STOCKHOLM, SE / / February 7, 2025 / Hilbert Group (STO:HILB-B)(FRA:999) The new platform is announced in partnership with leading crypto companies CoinTelegraph, and Hilbert Group AB (Nasdaq:HILB B), together with its subsidiary and partners CoinTelegraph and and , are aiming to revolutionize Real-World Asset (RWA) tokenization on-chain in a fully compliant fashion. What this means is that people will be able to buy and sell tokenized equities and popular pre-IPO stocks, such as SpaceX and OpenAI, using crypto - in a decentralized manner. This enables fractional ownership and increased liquidity for previously restricted investment opportunities. Hilbert Group introduces A360 (A as in asset) which is the world's first crypto protocol designed for fully compliant on-chain spot trading of real-world equities and pre-IPO shares. In short, A360 is bridging real-world assets to decentralized finance. The new platform's growth will be accelerated by 's large user base of 7 million visits per month. A link to the A360 website including the whitepaper, can be found here . A key building block in the platform is Galactica 's Identity Virtual Machine (IVM), a cutting edge Web3 identity and compliance framework that ensures end-to-end legal adherence without compromising security or privacy. In other words, Galactica's technology retains privacy while offering fully regulated on-chain transactions. Barnali Biswal, Hilbert Group CEO, comments "Tokenization of RWAs is the fastest growing area within crypto right now. It removes many of the inefficiencies around trading, settlement and audit etc. intrinsic to traditional finance rails. There is a reason Larry Fink, CEO of Blackrock, recently commented that tokenization could be 100x bigger than Bitcoin and why Boston Consulting Group estimates that the market value of tokenized assets could reach $16 trillion by 2030. We see many new potential revenue streams in these RWA solutions, bridging Web3 and Traditional Finance which is extremely exciting. We will provide more information about this project in the weeks to come." Mike Sarvodaya, Co-founder and CEO of Galactica comments: "We are absolutely thrilled to build this platform together with Hilbert Group and revolutionize how tokenized real-world assets will be transacted on-chain, in a regulatory compliant way". About is the world's largest independent crypto media company that covers a broad range of services, including news reporting, research, accelerator programs and event hosting in digital asset space. About: is a market infrastructure company in digital asset space with a lot of experience in the issuing and sales of cryptocurrencies via its launchpad function. The company's board includes some of the most well-known people in the crypto space globally. About: is a pioneering blockchain platform that has developed world leading technology in terms of digital identity, regulatory compliance, and privacy in decentralized finance/Web 3. About Us Hilbert group is a quantitative investment company specializing in algorithmic trading strategies in digital asset markets. Hilbert Group is a Swedish public company and is committed to providing operational infrastructure, risk management and corporate governance that meets the ever-increasing demands of institutional investors. Hilbert Group is listed on Nasdaq First North Growth Market (ticker HILB B) with Redeye AB as Certified Adviser. For more information, visit: Attachments Hilbert Group Announces Launch of Platform for Trading of Tokenized Equities and Popular Pre-IPO Shares Such as SpaceX, OpenAI and Antrophic SOURCE: Hilbert Group View the original press release on ACCESS Newswire
