house Democrat probes Trump’s Memecoin Dinner for Foreign Influence
U.S. President Donald Trump is facing new scrutiny over a private dinner he hosted for investors in his Official Trump (TRUMP) memecoin. A top House Democrat, Rep.Jamie Raskin, has launched an inquiry into the event, held at Trump’s Virginia golf club.Raskin wants to know who attended and how funds were vetted.
Raskin fears foreign governments or illicit actors might potentially be involved. He argues that publishing the list of attendees will help Americans understand what these investors are getting in return for their money. The dinner rewarded the top 220 memecoin holders, raising ethics concerns about the overlap between Trump’s business and political roles.
Unlike campaign fundraisers, profits from the memecoin went directly to Trump-linked companies. Notable attendee Justin Sun, founder of TRON, boasted about being the memecoin’s biggest buyer. Sun has faced legal trouble, with the SEC accusing him of market manipulation in 2023. the White House denies any conflict.
Key points:
- Rep. Jamie Raskin probes Trump’s memecoin dinner.
- Concerns over foreign influence and ethics.
- profits went to Trump-linked companies, not political groups.
- Notable attendee Justin Sun has a history of legal trouble.
For more details, check The Washington Post.
