Trump’s Crypto Dinner for Memecoin Moguls Sparks Washington Firestorm
As Donald hosts a high-stakes dinner for over 200 of his top memecoin investors — including controversial crypto mogul Justin Sun — lawmakers and activists across Washington are sounding alarms.
Held at the Trump National Golf Club near D.C., the event offers premium access to the former president in exchange for multimillion-dollar coin buys. While guests dine, protesters and political opponents plan a full day of demonstrations, from the Capitol to the golf club gates.
Leading the charge is Rep. Maxine Waters, who decried the dinner as “an abuse of presidential influence for personal gain.” Waters will unveil a bill to block presidents and their families from launching or promoting crypto tokens while in office — part of a broader push to clamp down on perceived “crypto corruption.”
Meanwhile, Senators Warren, Murphy, and Merkley will host a press conference introducing the MEME Act, designed to prevent federal officials from profiting off digital assets during their tenure.
Despite Trump officials denying wrongdoing and defending their right to participate in markets, critics say this sets a dangerous precedent for pay-to-play politics in the crypto era.
As the stablecoin regulatory bill inches forward in the Senate, this showdown shows the digital asset space is now deeply entangled with the 2024 election fight — and the battle is just beginning.
You might also like: Ethereum Supply Hits 18-Day Low as Burn Surge Sparks Bullish Pressure