What to expect at Trump’s memecoin dinner
On May 22, President Donald Trump will host a private dinner in Washington, DC, for up to 220 individuals who purchased significant amounts of his memecoin. Reports indicate that over half of the attendees may be foreign nationals. Notable applicants include Synthetix founder Kain Warwick and Vincent Liu from Kronos Research. The event has drawn criticism from Congress, with concerns about potential bribes and conflicts of interest due to foreign involvement. This controversy is impacting proposed legislation on digital assets, with some Democrats refusing to support bills until Trump's crypto ties are addressed. Protests are planned during the dinner, opposing perceived corruption. The top tokenholders spent a total of $148 million for attendance, raising questions about influence on policy. The GENIUS Act, a stablecoin regulatory bill, is set for a vote soon, amid stark partisan divides over Trump's crypto connections.
