Overview

• President Donald Trump held a private dinner on May 22 for the top 220 investors in his $TRUMP memecoin at his Northern Virginia golf club.
• The event generated criticism over ethics and transparency, with over half of the attendees reportedly being foreign investors, raising national security concerns.
• Guests collectively spent an estimated $394 million on the $TRUMP token, with the top seven investors contributing over $10 million each for access to the gala.
• Protesters outside the venue decried the event with signs like 'Stop Crypto Corruption,' while Democratic lawmakers called for stricter regulations on presidential financial ventures.
• The White House defended the dinner as a personal event, asserting that Trump’s assets are managed in a blind trust, but critics questioned the merging of presidential power with private business interests.