• About
  • FAQ
  • Contact Us
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
No Result
View All Result
Crypto News
No Result
View All Result
Home Analysis

Trump to Host Two Crypto Dinners This Month Amid Growing Ethics Concerns

admin by admin
May 6, 2025
in Analysis
0
Trump to Host Two Crypto Dinners This Month Amid Growing Ethics Concerns
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

In brief

  • The dinner guest list is determined by a leaderboard of top $TRUMP holders.
  • The top 25 holders will receive a White House tour and VIP reception.
  • Lawmakers have expressed concern over political access linked to crypto holdings.

President Donald Trump is continuing to court the crypto crowd with not one but two crypto-themed dinners this month.

Trump spoke at a $1.5 million-per-plate “Crypto & AI Innovators Dinner” hosted by super PAC MAGA Inc., at the Trump National Golf Club in Virginia on Monday, according to his public schedule. The event, which was closed to the press, also featured “crypto czar” David Sacks as a guest.

Related articles

ASIC Sues Former Blockchain Global Exec Over M in Unpaid Customer Claims

ASIC Sues Former Blockchain Global Exec Over $20M in Unpaid Customer Claims

May 28, 2025
Cetus Reveals Recovery Plan, Taps SUI for Bridge Loan

Cetus Reveals Recovery Plan, Taps SUI for Bridge Loan

May 28, 2025

On the same day, he also confirmed a gala dinner, slated for May 22, for holders of the $TRUMP meme coin at his private Trump National club. 

The event will bring together the top 220 token holders, with the highest-ranking 25 promised a private reception and a White House tour.

Hodlers of $TRUMP

Access to the black-tie optional dinner is determined by how many $TRUMP tokens a person’s wallet holds. The contest closes May 12, and a live leaderboard on the project’s site shows the current standings. Usernames can be submitted publicly, but most of the wallets are pseudonymous.

Together, the two events have sparked backlash from lawmakers who accuse Trump of selling access to wealthy crypto backers.

Last month, Sen. Elizabeth Warren (D-Mass.) and Rep. Adam Schiff (D-Calif.) co-signed a letter warning meme coin gala offers “exclusive access to the presidency in exchange for significant investment in one of the President’s business ventures.”

Warren has also raised alarms over the Trump-linked stablecoin USD1, launched by World Liberty Financial, a firm co-founded by Trump’s son Eric and crypto investor Zach Witkoff. 

The coin, backed by short-term U.S. Treasuries, has surged to become the world’s seventh-largest stablecoin following a $2 billion investment in Binance from Abu Dhabi’s MGX Group.

“Looks like corruption, smells like corruption,” Warren said last week, accusing the Trump family of using crypto to personally profit while legislation that could benefit them advances in the Senate. 

She warned that a Republican-backed bill to regulate stablecoins—expected to receive a floor vote this week—could “greenlight the grift.”

The event has also reignited debate over transparency in political crypto fundraising, as neither Trump nor his campaign have disclosed the identities of top token holders.

Watchdog group Accountable.US called the $TRUMP leaderboard dinner “the most nakedly corrupt self-enrichment scheme in U.S. presidential history,” citing concerns that anonymous wallets could be controlled by foreign actors. 

Accountable.US claims Tron founder Justin Sun could be the largest holder of $TRUMP, while roughly 80% of the token supply is held by Trump affiliates, according to its webpage.

The White House did not immediately respond to Decrypt’s request for comment.

Despite terms stating that Trump’s attendance isn’t guaranteed and that the event could be canceled “for any reason,” interest in the token has soared, up more than 50% after the dinner was announced last month, CoinGecko data shows.

If the May 22 dinner falls through, contest winners will receive a Trump-branded NFT.

Edited by Sebastian Sinclair

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



#Trump #Host #Crypto #Dinners #Month #Growing #Ethics #Concerns

Tags: ConcernscryptoDinnersethicsGrowinghostMonthTrump
Share76Tweet47

Related Posts

ASIC Sues Former Blockchain Global Exec Over M in Unpaid Customer Claims

ASIC Sues Former Blockchain Global Exec Over $20M in Unpaid Customer Claims

by admin
May 28, 2025
0

In brief ASIC has filed civil charges against former Blockchain Global director Liang Guo over alleged misuse of ACX customer...

Cetus Reveals Recovery Plan, Taps SUI for Bridge Loan

Cetus Reveals Recovery Plan, Taps SUI for Bridge Loan

by admin
May 28, 2025
0

Six days after a $223 million exploit shook the Sui ecosystem, decentralized exchange Cetus has announced a recovery initiative that...

El Salvador Defies IMF Again With Fresh Bitcoin Purchase Following Loan Review

El Salvador Defies IMF Again With Fresh Bitcoin Purchase Following Loan Review

by admin
May 28, 2025
0

In brief El Salvador added eight more Bitcoin to its reserve despite IMF warnings An IMF agreement struck on Tuesday...

AI and Crypto Czar David Sacks Says the US Could Buy More Bitcoin

AI and Crypto Czar David Sacks Says the US Could Buy More Bitcoin

by admin
May 28, 2025
0

In brief AI and Crypto Czar David Sacks appeared at Bitcoin 2025 in Las Vegas on Tuesday. Sacks suggested that...

Ethereum Options Market Signals Cautious Optimism as Open Interest Climbs

Ethereum Options Market Signals Cautious Optimism as Open Interest Climbs

by admin
May 28, 2025
0

In brief Amberdata data shows only a 12% chance of ETH exceeding $5,000 by December 2025. Retail traders are targeting...

Load More
  • Trending
  • Comments
  • Latest
Bitcoin and Ethereum Stuck in Range, DOGE and XRP Gain

Bitcoin and Ethereum Stuck in Range, DOGE and XRP Gain

April 25, 2025
Saylor says Warren Buffett’s Berkshire Hathaway is Bitcoin of 20th century – Deep Insight

Saylor says Warren Buffett’s Berkshire Hathaway is Bitcoin of 20th century – Deep Insight

May 7, 2025
Amazon CEO on Crypto and NFTs, EPNS to Expand Beyond Ethereum + More News

Amazon CEO on Crypto and NFTs, EPNS to Expand Beyond Ethereum + More News

April 25, 2025
Why DeFi agents need a private brain

Why DeFi agents need a private brain

May 4, 2025
US Commodities Regulator Beefs Up Bitcoin Futures Review

US Commodities Regulator Beefs Up Bitcoin Futures Review

0
Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0
India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0
Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: 5.55

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
ASIC Sues Former Blockchain Global Exec Over M in Unpaid Customer Claims

ASIC Sues Former Blockchain Global Exec Over $20M in Unpaid Customer Claims

May 28, 2025
Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’

Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’

May 28, 2025
Bitcoin Traders Eye New Highs by End of Summer; Ether Rises 3% on Treasury Optimism

Bitcoin Traders Eye New Highs by End of Summer; Ether Rises 3% on Treasury Optimism

May 28, 2025
Cetus Reveals Recovery Plan, Taps SUI for Bridge Loan

Cetus Reveals Recovery Plan, Taps SUI for Bridge Loan

May 28, 2025
  • About
  • FAQ
  • Contact Us
Call us: +1 23456 JEG THEME

© 2025 Btc04.com

No Result
View All Result
  • Home
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
  • Contact Us

© 2025 Btc04.com