On May 22nd, 2025, President Donald Trump Held a Gala Dinner

On May 22nd, 2025, President Donald Trump held a gala dinner at his Virginia golf club for the biggest $TRUMP meme coin investors.

May 22nd, 2025, saw President Donald Trump hosting a gala dinner at his Virginia golf club for the biggest $TRUMP meme coin investors, leading to a huge stir.

The opulent event, which was attended by 220 wealthy crypto holders, had critics calling it a simple bribe, and many questions arose about one’s ethics if one profits from the presidency.

The $TRUMP meme coin, launched in January 2025, quickly reached a $15 billion market cap thanks to the Trump social marketing engine. After a steep 86% decline, the meme coin received a shock of 50% in April when the dinner announcement was made.

Seating at the event cost investors $148 million, and top holders of over $111 million did not waste a penny.

Only those who used pseudonymous crypto wallets were told the identities of the celebrities who arrived as the guests, i.e., a Chinese billionaire who can’t avoid U.S. legal tribulations, and a lawyer fighting for the cause of Justice Clarence Thomas. A basketball player who used to be an NBA star was also there.

A significant portion of the guests were non-Americans, which raised concerns about external influence. According to blockchain transaction analysis, coins from other countries were the predominant circulation on the coins.

After the coin was announced on social media, people seemed very divided in their opinions.

Whereas some of the users praised the relatively low price of the coin ($15.76) and went further to estimate $150, on the other side, objectors scoffed at the bitcoin’s price instability and gave feedback about an 86% downfall.

For instance, several items exclaimed that the dinner was a very exclusive one. To give an illustration, a user made fun of “normies” who did not have the opportunity to dine, whereas Trump will draw liquidity from other cryptocurrencies as he is “the man”.

The event also coincided with debates over a stablecoin bill that was once united in its support but is now hanging by a thread.

Senators Elizabeth Warren and Chris Murphy, both Democrats, described the dinner as an ’orgy of corruption’. They further claim that President Trump is not beyond using his influence for financial gain since a family company under their control controls 80% of $TRUMP coins and has earned a gross income of $320 million in contributing fees in trading since January.

The president’s opponents in Congress also stated that the administration is flouting the regulations if the president’s firm is profiting from the meme coin despite the fact that it is valued at less than $1.5 billion.

The Trump administration responded by saying that the president’s family members are not involved in any political activities and that they are not required to disclose their financial transactions because the $TRUMP coin is not a security but rather a collectible.

The administration also pointed out that the president’s critics are simply trying to distract from the real issues, such as the pending stablecoin legislation, which, according to reports, will soon be passed by Congress.

The president’s critics, on the other hand, asserted that the administration is attempting to deceive the public by engaging in accounting sleuight of hand.

According to their calculations, the president’s firm will be able to keep about $148 million in fees from the 220 attendees who paid to attend the dinner at Trump National Golf Club in order to support the president’s political initiatives.

The fact that the administration is benefitting financially from the presidency is clearly unacceptable from an ethical point of view, in the opinion of the senators, who add that the president’s actions will have a negative impact on the trust that the common people have in the government.

The president’s actions also come at a time when there is a growing crisis of confidence in political institutions, which might lead to further polarization and division within society.

The presidential dinner was met with protests from those who held up banners and chanted slogans in order to express their dissatisfaction with the president putting his profit over the people’s needs.

Some of the participants were witty in their placards, such as carrying a “Fight, Fight, Fight” sign (it’s in the plural) to mock a sign inside that is a promotion for a $TRUMP sales site.

The president’s appearance lasted only 23 minutes, during which he gave a speech not revealing new policies but again reiterating well-known crypto talking points. He left in a helicopter, thus avoiding questions or taking pictures with guests. The top 25 investors could have a small talk at the VIP reception, but unfortunately, the majority of guests were not happy with the President’s rapid departure.

The administration’s silence on the president’s actions is concerning, given the fact that his actions could