High-Profile Dinner for Trump's Meme Coin Holders Sparks Controversy Amid Criticism

A luxurious gathering at Donald Trump's Virginia golf club, exclusive to the top 220 holders of his TRUMP meme coin, has sparked significant controversy, including allegations of constitutional overreach. Attendees, which included billionaires, celebrities, and crypto elites, reportedly spent a collective $394 million on the meme coin for the privilege of attending.

The event has drawn criticism for potentially enabling foreign influence and bypassing US campaign finance laws, with over half of the attendees believed to be living outside the US. This has resulted in 35 members of Congress calling for a Department of Justice investigation. Meanwhile, a new “Stop TRUMP in Crypto Act” has been proposed to prevent officials from profiting from digital assets.

Despite the criticism, Trump reaffirmed his support for a national Bitcoin reserve and downplayed the controversy on his Truth Social account.