President Donald Trump’s dinner for the wealthiest holders of his $TRUMP meme coin has drawn intense scrutiny in Washington, with Democratic lawmakers demanding a Department of Justice investigation into potential ethics violations and foreign interference.
Democrats Warn of Crypto Pay-for-Access Politics
Representatives Sean Casten and Adam Smith are leading a group of 35 House Democrats calling on the DOJ to review whether the $TRUMP investor dinner breaches bribery laws or violates the Constitution’s ban on foreign emoluments.
“The use of cryptocurrency to facilitate access to the President is deeply troubling,” said the lawmakers. “It invites foreign money into the heart of American politics—without transparency or accountability.”
Spotlight on Justin Sun’s $TRUMP Investment
Concerns have intensified due to Tron founder Justin Sun’s declaration that he is the top $TRUMP investor. Although the SEC recently dropped charges against him, his ties to the Trump-affiliated crypto venture have stirred alarm over foreign influence.
Lawmakers argue the dinner amounts to pay-for-access, potentially allowing foreign nationals to buy their way into exclusive events with a sitting president through token accumulation.
Ethics Battle Escalates in Crypto-Politics Clash
The dinner was held on May 22 at Trump National Golf Club, offering special perks to top $TRUMP holders, including a private reception and behind-the-scenes access to Trump himself.
Rep. Maxine Waters seized the moment to propose new legislation barring elected officials from owning large amounts of digital assets, calling it essential to prevent abuse of power.
While the GOP is unlikely to support such legislation, Democrats say this is about accountability, not partisanship.
“We need to act now to stop political figures from turning cryptocurrency into a shadowy fundraising mechanism,” said Waters.