Overview

• The $TRUMP meme coin dinner, held on May 22 at Trump National Golf Club, includes 220 top investors who collectively spent $148 million to secure seats.
• Chinese-born crypto entrepreneur Justin Sun, the largest $TRUMP holder, confirmed his attendance, highlighting concerns about foreign influence and access to the president.
• Trump-affiliated entities, which control 80% of the $TRUMP coin supply, have reportedly earned over $320 million in transaction fees since the coin's January launch.
• Critics, including lawmakers and watchdog groups, argue the event creates a channel for foreign actors to gain influence, bypassing traditional political contribution rules.
• The gala coincides with heightened scrutiny of Trump's crypto ventures and broader debates over the need for clearer regulations in the cryptocurrency industry.