Trump Hosts $TRUMP Crypto Gala Amid Foreign Buyer, Corruption Concerns

President Donald Trump hosted an exclusive dinner for the top holders of his $TRUMP meme coin, which drew $148 million in purchases globally. The event, held at Trump's private golf club, granted access to the top 220 token holders, with the top 25 receiving a private reception and VIP tour; some attendees spent millions securing their spots. Democrats have condemned the event as a blatant example of 'pay to play' corruption, accusing Trump of selling influence and raising concerns about foreign nationals and controversial figures like crypto billionaire Justin Sun attending. Analyses indicate that 80% of the top 25 holders may be foreign or circumvent U.S. crypto restrictions, intensifying concerns about national security and ethical violations. In response, Democratic lawmakers introduced the "Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025" aimed at banning high-ranking officials and their families from owning digital assets that could be manipulated for influence. Despite criticism, the White House maintains the event pertains to Trump's personal life, but experts warn this unprecedented blending of private gain and presidential power risks undermining longstanding norms.