(Trump memecoin dinner) The Most Corrupt Presidential Act In History - LegalEagle

[Eugene]

May 5, 2025
Selling access to the highest bidder -- what could go wrong?

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Earlier DU thread: Trump set to raise millions from crypto and memecoin this month

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Source: CNBC

Trump set to raise millions from crypto and memecoin this month

Published Mon, May 5 20259:22 AM EDTUpdated An Hour Ago
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MacKenzie Sigalos
@KENZIESIGALOS

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The second gala dinner will be held at Trump National, the president’s private club in the Washington, D.C., area, later this month. The guest list will be decided by a blockchain-based contest run by the creators of the $TRUMP meme token. Instead of cash, entry is based on how many tokens a user holds, with the top 220 promised dinner with Trump himself. The contest runs through May 12.

The gala, which is black tie optional, offers a “VIP White House Tour” and special reception to the meme coin’s 25-biggest holders. The website hosts an active leaderboard displaying the usernames of the coin’s top buyers.

Accountable.US, a center-left watchdog group that investigates corporate and political influence, described the leaderboard contest as “the most nakedly corrupt self-enrichment scheme in U.S. presidential history,” warning it opens the door for wealthy donors — including potentially foreign actors — to buy access to the president, while personally enriching the Trump family.

Because crypto wallets are pseudonymous, unless a holder has publicly disclosed their wallet address, it is difficult to independently confirm the identities of the top token holders currently leading the contest.

In January, for example, crypto entrepreneur Justin Sun upped his token stake in another Trump-related crypto project. The Tron blockchain founder disclosed that he holds $75 million worth of World Liberty Financial’s token. A court filing the following month showed that Sun and the Securities and Exchange Commission were exploring a resolution to the regulator’s civil fraud case against the crypto entrepreneur.

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Read more: https://www.cnbc.com/2025/05/05/trump-crypto-memecoin.html