Legal Spotlight: Trump’s Meme‑Coin Dinner & Emoluments Concerns
Private #TRUMP dinner investigation
On May 29, 2025, Rep. Jamie Raskin announced a probe into Trump’s Virginia golf-club dinner—attended by the top 220 #TRUMP holders—due to potential violations of the emoluments clause. The event, costing roughly $148 million, bypassed campaign finance laws and attracted foreign wallets, including Chinese investor Justin Sun .
Critics sound the alarm
Senators Warren and Merkley dubbed it a “crypto aristocracy” event, arguing it turned presidential access into a privatized commodity .Binance & Trump‑Linked Crypto Deal
Binance lawsuit dropped
The SEC dropped its 2023 case against Binance just weeks after it struck a $2 billion USD1 stablecoin deal with Trump‑linked World Liberty Financial (WLF). The stablecoin is backed by U.S. Treasuries .
Political overlay
WLF is 60% owned by Trump family entities, with Eric and Don Jr. on its board. It’s now the fifth-largest stablecoin (~$2.2 billion market cap) .
MGX investment using USD1
The Abu Dhabi-backed MGX fund is reportedly using USD1 to fund the $2 billion stake acquisition in Binance .
