TRUMP token rises 10% amid escalating criticism of Thursday evening's Memecoin dinner

According to news from Hash World, President Trump has drawn media attention for hosting a dinner for memecoin holders, which has led to a 10% increase in token prices while intensifying criticism. On Thursday evening, the president dined with over 200 TRUMP token holders, pushing the token to its highest point in four weeks. There is ongoing debate about whether this event crosses a line. The White House officially described the event as private and denied any connection to the White House. Before the dinner, several top holders, including Tron founder Justin Sun, publicly stated they received invitations. The Democrats introduced a bill (2025 Prohibition of Unfair Cryptocurrency Trading Act) on the eve of the dinner, proposing to restrict officials and their families from owning shares that could influence operations of crypto assets. This proposal is expected to face limited recovery due to the Republican majority in Congress. Trump's involvement in cryptocurrency has always been controversial, with even pro-crypto Republican senators questioning this dinner. Trump's support for the DeFi platform World Liberty Financial, combined with investment activities in Abu Dhabi, has further cast a shadow over the negative image of blockchain.