Overview

• The May 22 dinner will host the top 220 holders of the $TRUMP meme coin, with the top 25 receiving a VIP reception and White House tour.
• Senators Elizabeth Warren and Adam Schiff have formally requested an ethics investigation into the event, citing risks of selling presidential access.
• The senators raised concerns about potential foreign influence, referencing a $13 million token purchase via a Chinese-founded exchange.
• The $TRUMP token’s value surged nearly 60% following the dinner announcement, with its market cap now exceeding $3 billion.
• Critics argue the promotion could violate ethics laws and highlight gaps in digital asset regulation and federal oversight.