Revealing the expected content of Trump's Memecoin dinner

Source: Cointelegraph Original text: “Trump’s Memecoin Dinner Anticipated Content Revealed”

On May 22, President Trump is expected to host a private event in Washington, D.C., for approximately 220 individuals who have purchased the largest quantity of his meme coin.

Although the exact number of attendees has not been confirmed as of May 19, relevant reports and blockchain data have revealed some qualified applicants to attend the May 22 dinner, “VIP Tour” and reception (, which is speculated to be held at the White House ) as token holders. A Bloomberg report on May 7 pointed out that more than half of these 220 wallets may be controlled by foreign nationals.

Applicants for these meme coin dinners may need to undergo rigorous background checks before receiving final confirmation for a meeting with the president, including Synthetix founder Kain Warwick, consulting advisor Vincent Deriu, and reportedly cryptocurrency user Morten Christensen, who secured this opportunity for just $1,200.

Other applicants include a World Liberty Financial advisor using the alias “Ogle,” as well as a representative from the Singapore startup MemeCore. Cointelegraph also learned that Vincent Liu, the Chief Investment Officer of the Taiwan-based company Kronos Research, plans to attend the event.

Even before the official announcement at the dinner and reception, Trump’s meme coin has already drawn criticism from several members of Congress.

Some lawmakers have stated that the president allows individuals who may have connections to foreign governments to directly funnel money to him in the absence of transparency, which poses potential risks of bribery and conflicts of interest for the White House.

This controversy has affected several proposed bills related to digital assets, including the Senate bill aimed at establishing a regulatory framework for stablecoins and the House’s market structure draft bill. Some Democrats have explicitly stated that they will not support any related legislation until the issue of “Trump’s cryptocurrency corruption” is addressed.

May 14th BlueSky post about Trump Meme Coin. Source: Elizabeth Warren

“Democrats see this as merely an official form of corruption,” said Rebecca Liao, co-founder and CEO of Layer 1 Blockchain Saga, in an interview with Cointelegraph. “A bill that originally had bipartisan support and was expected to gain widespread recognition has now evolved into a proxy war between the Democrats and the Trump administration.”

Multiple organizations plan to organize protests during the meme coin dinner on May 22. The Democratic branch in Arlington, Virginia has announced that its members will gather to protest those who “exploit their public office for personal gain” at the White House. Cointelegraph has reached out to the organization for comment, but has not received a response as of the time of publication.

According to reports, holders of the top 220 tokens collectively spent $148 million to qualify for participation in the event, with the final leaderboard being confirmed on May 12. It is worth noting that even after the dinner ends, anyone with a digital wallet can still purchase TRUMP tokens, potentially influencing presidential policies.

“The decision to acquire TRUMP tokens is not based on political factors,” said Vincent Liu, an executive at Kronos Research, during an interview with Cointelegraph regarding the planned attendance at the meme coin dinner. “It is entirely based on professional judgment in identifying early market momentum, cultural relevance, and potential market catalysts.”

In April this year, Freight Technologies announced a $20 million investment in the TRUMP token, suggesting that this could influence the president’s formulation of trade policy between the US and Mexico, as part of the company’s operations happen to be in Mexico. Then in May, GD Culture Group announced that the meme coin would be included in its planned $300 million cryptocurrency asset reserve program.

The core issue is that there is a conflict of interest between the Trump family’s investments in crypto assets and the government’s shift towards crypto-friendly policies," Liao pointed out. “The Trump family has publicly invested in the cryptocurrency space and launched their own crypto project. This creates a cognitive dilemma, as any policy adjustments favorable to cryptocurrencies may be perceived as self-serving rather than in consideration of national interests.”

If the stablecoin legislation (GENIUS Act) becomes the first litmus test for the Republican and Democratic parties in addressing potential conflicts of interest for Trump in the cryptocurrency industry, there are clear differences in positions between the two parties.

House Speaker Mike Johnson largely sidestepped questions about the president and his family’s connections to the industry, stating he is “not an expert in the field.” White House Deputy Press Secretary Anna Kelly reportedly said that since Trump’s children manage his assets through a trust, there is “no conflict of interest.”

Lawmakers are expected to vote on the GENIUS Act within a few days, possibly before the meme coin dinner and reception take place. As of the time of writing, it is unclear whether Republicans plan to address Democrats’ concerns about Trump’s relationship with cryptocurrency or to proceed with the vote directly without making significant changes to the bill.

Related news: SEC’s Crenshaw states that institutions are playing a “regulatory stacking” game with the cryptocurrency industry.