Overview

• President Trump hosted a private dinner at his Virginia golf club for the top 220 investors in his $TRUMP meme coin, who collectively spent $394 million to secure invitations.
• The event has sparked bipartisan criticism, with Democratic lawmakers calling it a 'pay-to-play' scheme and threatening lawsuits under the Constitution's foreign emoluments clause.
• Concerns have been raised about the anonymous and foreign identities of many attendees, including Chinese billionaire Justin Sun, the largest $TRUMP holder, who confirmed his attendance.
• The White House defended the dinner as a personal engagement, with Press Secretary Karoline Leavitt stating it was not an official White House event and declining to release the guest list.
• Democratic lawmakers introduced the Stop TRUMP in Crypto Act to prohibit government officials from owning or trading digital assets, citing the event as a glaring conflict of interest.