On May 23, 2025, President Trump will host a luxurious crypto dinner in Washington, inviting holders of the TRUMP token to participate.
The dinner has drawn attention not only due to its high entry fee but also because of the political and legal issues involved.
1. The Luxury of the Dinner and High Entry Fees
According to reports, the entry ticket price for the dinner was substantial, with participants spending between $55,000 and $37.7 million on Trump's official cryptocurrency token $TRUMP .
A total of 220 buyers spent nearly $394 million on $TRUMP , averaging over $1.78 million per participant.
This figure not only exceeds the legal limit for contributions by ordinary American citizens to political candidates ($3,500) but also raises questions about Trump's use of the presidency for personal gain.
2. Political Background and Legal Challenges
On the eve of the dinner, Democratic Party leader Representative Maxine Waters proposed a new bill aimed at combating corruption related to cryptocurrencies.
The bill calls for prohibiting the President, Vice President, members of Congress, and their immediate family members from holding stakes that could influence digital assets.
This move is clearly aimed at Trump's and his family's activities in the cryptocurrency space, particularly in the context of $TRUMP tokens.
Waters and other Democratic members' proposals reflect warnings regarding the Trump family's activities in the digital asset space, especially when their business interests intertwine with their political roles.
Although Trump and his team deny any wrongdoing, the intersection of political and business interests undoubtedly brings more legal and ethical challenges.
3. 72% of participants are not Americans
Interestingly, analysis shows that approximately 72% of the attendees at the dinner appear to not be Americans.
Many of the attendees' cryptocurrency wallet addresses indicate that they may have used exchanges that are not legally permitted for U.S. citizens.
This phenomenon raises questions about U.S. political donation laws, as contributions from non-U.S. citizens to U.S. political candidates are typically illegal.
This situation not only sparked legal controversies around Trump's dinner but also raised doubts about the transparency and compliance of cryptocurrencies.
4. Controversies and Balance
Trump's crypto dinner is not just a luxurious social event; it is also a complex political event intertwined with legal, ethical, and business interests. With the Democratic Party's increased focus on crypto corruption, Trump's activities in the digital asset space will face greater scrutiny.
In the future, how to balance business interests with political responsibilities will be a serious consideration for Trump and his team.