title: Trump’s Memecoin Gala Draws Celebrities, Crypto Moguls and Criticism

Former President Donald Trump hosted a high-profile memecoin gala on Thursday night at his golf course near Washington, D.C., inviting the top 220 holders of his $TRUMP token.

Former President Donald Trump hosted a lavish memecoin gala on Thursday evening at his golf course in Bedminster, New Jersey. The event, which was limited to the top 220 holders of Trump's $TRUMP token, drew celebrities, crypto moguls, and sharp criticism from lawmakers.

Among the guests spotted at the gala were NBA champion Lamar Odom and crypto entrepreneur Justin Sun. Odom, known for his basketball career and later struggles, expressed his excitement for the event on X (formerly Twitter).

"Tonight, I'm attending the exclusive $TRUMP gala, personally invited by President Trump to thank the biggest supporters of his token. Think about it—what meme coin has ever done this?" Odom wrote, highlighting the unique nature of the Trump token community.

Sun, the founder of Tron and reportedly the largest holder of $TRUMP, also shared his experience at the gala. He mentioned receiving the "Trump Golden Tourbillon" watch, an exclusive item listed at $100,000 on the Trump Watches website.

However, the gala's extravagance drew criticism from lawmakers, who accused Trump of "selling access" to foreign actors and tying it to national security risks. These concerns were raised in the context of Congress's pending decision on two key crypto bills.

One bill, aiming to regulate stablecoins, and another focused on broader market reforms, are currently being debated by lawmakers.

Despite the backlash, the event showcased Trump's foray into the memecoin realm and the vast sums involved in his recent Middle East ventures, which drew both attention and political tension.

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