{"id":29379,"date":"2025-05-30T06:31:51","date_gmt":"2025-05-30T06:31:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29379"},"modified":"2025-05-30T06:31:51","modified_gmt":"2025-05-30T06:31:51","slug":"top-house-democrat-launches-probe-into-trumps-private-memecoin-dinner","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29379","title":{"rendered":"Top House Democrat Launches Probe Into Trump\u2019s Private Memecoin Dinner"},"content":{"rendered":"
\n

A top House Democrat has launched an investigation of US President Donald Trump\u2019s private dinner with investors of his official TRUMP memecoin. A week after the controversial event, the House Representative seeks to shed light on some of the ethical and legal concerns raised by several Democrats.<\/p>\n

Probe Into Trump\u2019s Memecoin Dinner Guests<\/h2>\n

On Wednesday night, the top Democrat on the House Judiciary Committee, Representative Jamie Raskin, demanded<\/a> that President Trump share the names of the guests who attended his private memecoin gala last week.<\/p>\n

In a letter reviewed by The Washington Post, the congressman urged Trump to disclose several concerns regarding the identity of the dinner attendees and the origin of the millions invested in the president\u2019s memecoin.<\/p>\n

In April, it was announced<\/a> that the top 220 TRUMP holders on the memecoin\u2019s website leaderboard would get invited to attend the May 22 event and have dinner at the president\u2019s private, Members-Only Club in Washington, D.C.<\/p>\n

Additionally, the top 25 holders would be invited to an exclusive reception with Trump and enjoy a guided tour of the White House. The news raised concerns among multiple lawmakers that foreign governments seeking to influence the White House could invest in the token.<\/p>\n

If the money came from foreign governments, it could violate<\/a> federal law, which prohibits federal officials from accepting gifts from these entities without congressional approval.<\/p>\n

According to the letter, \u201cPublication of this list will also let the American people know who is putting tens of millions of dollars into our President\u2019s pocket so we can start to figure out what \u2014 beyond virtually worthless memecoins \u2014 they are getting in exchange for all this money.\u201d<\/p>\n

Blockchain analytics firm Nansen\u00a0reported a month ago that the top 100 TRUMP holders increased their balance by over 940,000 tokens in just one hour following the announcement.<\/p>\n

Notably, the top holder, Tron\u2019s founder and World Liberty Financial (WLFI) investor, Justin Sun, secured<\/a> his spot at the gala with 1.17 million TRUMP tokens, worth around $18.5 million at the time of the event.<\/p>\n

Democrats Allege Potential Conflicts Of Interest<\/h2>\n

Representative Raskin considers the memecoin dinner to be the most recent example of the President\u2019s alleged schemes to blur the lines between his business interests and the office.<\/p>\n

\u201cProfiting off the memecoin is just the latest in a bewildering gamut of schemes in which you and your family have profited after your return to office,\u201d the letter reads, highlighting the Trump family\u2019s business deals<\/a> in the Middle East.<\/p>\n

According to The Washington Post, the Democratic congressman also asked in the letter whether the White House or the president\u2019s companies verified<\/a> that the funds used to purchase the memecoin were not linked to terrorist organizations, drug cartels, or other criminal activities.<\/p>\n

Last week, the White House\u2019s press secretary, Karoline Leavitt, affirmed that the memecoin dinner did not pose a conflict of interest to the President, alleging that it was not a White House dinner, and he was attending the event on his \u201cpersonal time.\u201d<\/p>\n

Despite this, Representative Maxine Waters, top Democrat on the House Financial Services Committee and Committee Democrats, introduced<\/a> H.R. 3573, also known as the Stop TRUMP in Crypto Act.<\/p>\n

The bill, co-sponsored by 14 House Representatives, seeks to prevent the US President, Vice President, Members of Congress,\u00a0and their immediate families from participating in any crypto venture that would allow them to profit while they\u2019re in office.<\/p>\n

\"memecoin,<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A top House Democrat has launched an investigation of US President Donald Trump\u2019s private dinner with investors of his official TRUMP memecoin. A week after the controversial event, the House Representative seeks to shed light on some of the ethical and legal concerns raised by several Democrats. Probe Into Trump\u2019s Memecoin Dinner Guests On Wednesday […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29379","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29379"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29379\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}