Trump's Meme Coin Contest Stirs Ethics Concerns Amid Crypto Downfall

The recent gathering at Mar-a-Lago marks the latest instance of President Donald Trump blurring the lines between his presidential duties and the Trump family's growing portfolio of speculative crypto ventures.

As part of the second annual meme coin contest, the top 297 buyers of the $TRUMP token were invited to a day-long event where they had the opportunity to meet with the President.

The contest has raised concerns among ethics experts, who note that the Trump family continues to profit from crypto ventures while the President shapes U.S. policy in the sector.