Donald Trump Is Facing Growing Criticism for Hosting a High-Profile Dinner for the Top TRUMP Memecoin Investors

More than 200 guests reportedly spent millions of dollars just to meet him in person. Big names in crypto like Justin Sun, founder of Tron, were among the attendees.

President Donald Trump is facing mounting criticism for hosting a lavish dinner with the top investors in TRUMP, a memecoin that bears his likeness. Over 200 guests reportedly paid millions of dollars to rub shoulders with the former president at the event.

The event saw an assembly of prominent figures in the cryptocurrency sphere, including Justin Sun, founder of Tron, and other well-known names in the crypto community.

However, some critics are raising concerns that this isn’t just about buying coins, but rather about buying private access to Trump. According to reports, the attendees have collectively paid an astounding $100 million for the opportunity to meet with the US President.

Lawmakers and protest groups are now speaking out, accusing Trump of attempting to use his political influence to profit from crypto deals that are linked to him and his family members.

Although no bill has been formally introduced yet, Congresswoman Maxine Waters and other members of Congress are planning to push for legislation that would prevent presidents, members of Congress, and their families from engaging in activities that generate personal wealth from cryptocurrency.

Several protests and press events are scheduled to take place around the Capitol building and near Trump’s golf club on May 22. Groups such as Public Citizen, along with Senators Elizabeth Warren, Chris Murphy, and Jeff Merkley, will be leading rallies under the banner of “America Is Not For Sale.”

These protests aim to highlight concerns that foreign investors, who have made significant contributions to memecoins, could be gaining undue access to political influence.

Amidst a broader discussion on stablecoins, critics are voicing worries that the controversy surrounding Trump’s crypto ties has stalled progress on crucial U.S. legislation in this domain. Despite this setback, the bill has since advanced in the Senate.

But Trump’s team has denied any wrongdoing.

White House official Bo Hines has also said at the Consensus 2025 that the Trump family’s crypto ventures aren’t conflicts of interest and they have the right to participate in the markets.