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Trump’s Crypto Dinner Sparks Ethics and Foreign Influence Concerns

President Trump hosted a private gala for $TRUMP coin investors, raising questions about presidential ethics and foreign involvement in U.S. politics.

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Cryptomoney exchange Tron Justin Sun participates in a session during the Token 2049 crypto conference in Dubai on May 1, 2025.

Overview

  • President Trump held an exclusive dinner on May 22 at his Virginia golf club for the top 220 investors in his $TRUMP memecoin, with VIP perks for the top 25 buyers.
  • Blockchain analysis revealed that over half of the attendees were likely foreign investors, intensifying concerns about foreign influence on U.S. policy.
  • Protesters and lawmakers criticized the event as a conflict of interest, with Senator Elizabeth Warren labeling it an 'orgy of corruption.'
  • Trump-affiliated entities have reportedly earned at least $320 million in fees from the $TRUMP coin, launched just before his January inauguration.
  • Legislative efforts, including a bill by Senator Chris Murphy, aim to prevent sitting presidents from profiting off cryptocurrencies while in office.