Donald Trump Will Dine With the Top 220 Holders of His $TRUMP Memecoin at an Event Billed as “the most EXCLUSIVE INVITATION in the World”

President Donald Trump will dine with the top 220 holders of his $TRUMP memecoin at an event billed as “the most EXCLUSIVE INVITATION in the World,” the cryptocurrency announced Wednesday.

President Donald Trump will dine with the top 220 holders of his $TRUMP memecoin at an event billed as “the most EXCLUSIVE INVITATION in the World,” the cryptocurrency announced Wednesday.

A promotion for the black tie optional event at Trump National Golf Club near Washington, D.C., features a rendering of Trump that mildly resembles him and promises an “unforgettable Gala DINNER” on May 22. It also explicitly tells hopeful attendees to “hold as much $TRUMP as you can” from Wednesday through May 12 to rise in the ranks on the cryptocurrency’s “leaderboard.”

“The competition is fierce. Own $TRUMP—or watch from the sidelines,” the promotion dangles, telling people they will be the “Biggest and Most Important” investors in Trump’s memecoin if they make the cut.

The language on the promotion echoes that of a going-out-of-business sale, telling people, “Don’t Miss Out” on a “once-in-a-lifetime” opportunity. “ARE YOU IN?” it asks. “BE PART OF HISTORY!”

The top 25 holders of his memecoin — a type of cryptocurrency inspired by an internet joke or celebrity personality — “will be invited for an ultra-exclusive private VIP Reception with the President” and be taken on a “VIP tour” of the club, it continues.

The event promises “intimate” and “close-up” time with Trump in a discussion about the future of cryptocurrency.

Trump’s critics quickly condemned the scheme.

“This isn’t Trump just being Trump,” Sen. Chris Murphy (D-Conn.) posted on social media. “The Trump coin scam is the most brazenly corrupt thing a President has ever done. Not close.”

Sen. Adam Schiff (D-Calif.) had a similar reaction.

“First, Donald Trump launches a memecoin, netting himself billions. Next, his family gets in on the scheme. Now his billionaire buddies are getting even richer too. The most brazen corruption imaginable,” he wrote.

Despite once bashing cryptocurrencies as “highly volatile and based on thin air,” Trump launched his memecoin in January. The project has netted him $350 million, a Financial Times report last month.

The launch enraged Democrats.

“Donald Trump, in his last presidency, called crypto a scam and wanted to shut it down. Now he’s personally profited from it and he’s all in favor,” Sen. Elizabeth Warren (D-Mass.) told HuffPost at the time. “The point of government is not to help rich people get richer. The point of government is supposed to be to make the economy work better for working people. Obviously, that is not Donald Trump.”

The month after Trump launched his cryptocurrency, the Securities and Exchange Commission announced that memecoins would not be subject to its oversight.