A recent event featuring former President Donald Trump promoting his $TRUMP memecoin drew scrutiny for blending public and private affairs. The event, held on May 23, 2025, aimed to attract major investors in the cryptocurrency but raised concerns about potential ethical violations. President Trump expressed strong support for cryptocurrency during a speech emphasizing its future potential. Notable attendees included investor Justin Sun and former NBA player Lamar Odom. The event led to significant financial investments, with an estimated $148 million spent on attendance. This raises questions about the use of official symbols in private business dealings, prompting debates over ethical boundaries and possible legal breaches under federal regulations governing official symbol usage.