House Democrat Probes Trumpâs Memecoin Dinner for Foreign Influence
U.S. President Donald Trump is facing new scrutiny over a private dinner he hosted for investors in his Official Trump (TRUMP) memecoin. A top House Democrat, Rep.Jamie Raskin, has launched an inquiry into the event, held at Trumpâs Virginia golf club. Raskin wants to know who attended and how the funds were vetted.
Raskin fears that foreign governments or illicit actors might be behind some purchases. He argues that publishing the list of attendees will help Americans understand what these investors are getting in return for their money. The dinner rewarded the top 220 holders of the memecoin, a perk that some ethics experts say blurs the line between Trumpâs business and political roles.
Unlike campaign fundraisers, the profits from the memecoin whent directly to Trump-linked companies. One notable attendee was Justin Sun, the founder of TRON, who is the memecoinâs biggest buyer. Sun has a history of legal trouble, with the U.S. Securities and Exchange Commission accusing him of market manipulation in 2023. However, the case stalled after Trump took office.The White House insists there is no conflict.
Rep. Raskinâs letter raises fresh questions about ethics and potential foreign influence. He wants to ensure that the American people know who is putting tens of millions of dollars into the presidentâs pocket.
