On April 23, 2023, U.S. President Donald Trump announced that a dinner would be held on May 22 at the Trump National Golf Club in Washington, D.C., inviting the top 220 holders of the $TRUMP cryptocurrency. Among them, the top 25 holders will also receive VIP reception and a special tour of the White House.

After this news was released, the price of $TRUMP surged, with a daily increase of over 60%, reaching $14.7, the highest level since early March.

However, the event also sparked widespread controversy. Critics pointed out that Trump is using his presidential position to endorse a personal cryptocurrency project, which may pose conflicts of interest and ethical risks. The nonprofit organization Accountable.US stated that this move could jeopardize the public interest and called for increased oversight of presidential actions.

Nevertheless, the Trump family's involvement in the cryptocurrency space continues, and the stablecoin project in which his children are involved is also progressing. This dinner event highlights the increasingly close ties between politics and cryptocurrency, which may have far-reaching implications for related legislation and regulation in the future.