Donald Trump's Much-Talked-About Crypto Dinner Has Finally Taken Place

drawing hundreds of high-profile guests from both political and financial circles.

Donald Trump’s much-talked-about crypto dinner has finally taken place, drawing hundreds of high-profile guests from both political and financial circles.

The event, which was held in Loudoun County, Virginia, on Tuesday evening, brought together 220 influential investors for an exclusive gala.

The dinner was part of Trump’s broader effort to highlight his pro-crypto stance and capitalize on the growing interest in digital assets.

Ahead of the event, Trump took to Truth Social to reaffirm his claims that the United States is leading in Bitcoin [BTC] and digital assets, and that it would stay that way under his watch.

He said, “Heading to the Crypto Dinner in Loudon County, Virginia, in a little while. The U.S.A. is DOMINATING in Crypto, Bitcoin, etc., and we are going to keep it that way!”

Pointing to recent data from Bitcoin Treasuries, which indicate that the United States holds the largest national stash of Bitcoin, at approximately 198,012 BTC, compared to China’s 190,000 BTC, Trump’s assertion seems to stem from government-obtained assets.

These assets were primarily obtained through government seizures, but Trump aims to shift their strategic value.

He has proposed establishing a U.S. Strategic Bitcoin Reserve, a move that would halt future government sales of seized BTC, contrasting sharply with the liquidation approach taken by previous administrations.

However, as Trump’s crypto dinner made headlines, it also triggered a wave of political backlash.

Just hours before the event, U.S. Representative Maxine Waters introduced the “Stop TRADING, RETENTION, and UnFAIR Market Payoffs in CRYPTO Act of 2025”, or the “Stop TRUMP in CRYPTO Act”, which aims to prohibit senior U.S. officials from engaging in crypto activities during their tenure.

The proposed law seeks to prevent officials, including the president, vice president, Congress members, and their families, from creating, holding, or promoting cryptocurrencies or tokens during their term in office.

Moreover, issuers required to file reports with the Securities and Exchange Commission (SEC) under Section 13 of the Securities Exchange Act of 1934 would be prohibited from issuing, selling, or otherwise transacting with respect to any digital asset on behalf of a covered individual.

Further, directing this to Trump’s crypto ventures, Maxine noted that his persistent touting of a new "Trump token" and claims of American leadership in Bitcoin are part of a broader crypto scam to fleece American citizens and foreign powers.

“Trump’s crypto con is not just a scam to target investors. It’s also a dangerous backdoor for selling influence over American policies to the highest foreign bidder. We must stop him.”

But not everyone was on the same page, as reported by Reuters.

A White House spokeswoman, Karoline Leavitt, stood up for Trump and said that all of the president’s assets are in a blind trust, which is managed by his children.

“And I would argue, one of the many reasons that the American people re-elected this president back to this office is because he was a very successful businessman before giving it up to publicly serve our country.”

This coincided with the Official Trump [TRUMP] memecoin experiencing a roller coaster ride, surging to $15.12 on the 21st of May and slipping during early trading hours on the 22nd of May before briefly recovering to $15.80 by evening as the dinner took place.

However, momentum quickly faded after the dinner concluded, dragging the token down to around $13.76, a 4.95% drop in 24 hours, according to CoinMarketCap. In contrast, Bitcoin maintained strong upward momentum, trading at $110,796.74 after gaining 6.45% over the past week, signaling diverging market sentiment.