Former President Donald Trump's Upcoming Gala Dinner for Top Holders of His TRUMP Meme Coin Has Sparked Significant Controversy

Analysis indicates that 19 of the top 25 $TRUMP token holders—eligible for exclusive access to the May 22 dinner and VIP events—are likely non-U.S. nationals.

Former President Donald Trump's upcoming gala dinner for top holders of his TRUMP meme coin has sparked significant controversy due to the prominent presence of foreign investors among the invitees.

Analysis indicates that 19 of the top 25 $TRUMP token holders—eligible for exclusive access to the May 22 dinner and VIP events—are likely non-U.S. nationals. Many utilized foreign exchanges that restrict U.S. users, suggesting a substantial international presence among the attendees.

Among the notable figures is Hong Kong-based entrepreneur Justin Sun, who reportedly invested approximately $18.6 million in $TRUMP tokens. Other participants hail from Singapore, Australia, and various anonymous entities, raising concerns about foreign influence in U.S. political activities.

The event has drawn criticism from ethics watchdogs and lawmakers, who argue that offering exclusive access to the president in exchange for cryptocurrency holdings may violate federal gift rules and the Constitution's emoluments clause.

The anonymity of many investors further complicates the issue, as it obscures the true extent of foreign involvement in this endeavor.

Following the dinner announcement, the TRUMP coin experienced a significant price surge, jumping over 50% to trade around $14.70 before settling at approximately $12.30.

However, this is still well below its peak of $75 earlier in the year, highlighting the coin's volatility and speculative nature.

This event intertwining cryptocurrency and political access underscores the need for clear regulations and transparency in political fundraising, especially concerning foreign contributions and digital assets.

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