A group of 35 U.S. House Representatives is pushing for a Justice Department investigation into a private dinner hosted by Donald Trump on May 22, which reportedly brought together key investors in a memecoin linked to the former president. The lawmakers raised concerns about possible violations of federal law, including foreign influence on American politics and breaches of the Constitution’s emoluments clause.
In a formal letter addressed to Edward Sullivan, acting chief of the DOJ’s Public Integrity Section, the representatives questioned whether the event breached federal anti-bribery statutes or the foreign emoluments clause, which bars presidents from receiving gifts or benefits from foreign governments without congressional consent.
Reports suggest that many attendees had ties to international crypto exchanges, hinting that a significant portion may have been foreign nationals. “U.S. regulations clearly prohibit foreign nationals from financially contributing to political campaigns,” the letter stated. “Yet the $TRUMP memecoin—and the exclusive dinner linked to it—creates a potential channel for foreign entities to gain influence over U.S. leadership without transparency.”
The demand for an investigation and calls for transparency, including a request for the guest list to be made public, surfaced just hours before the event took place at Trump National Golf Club near Washington, D.C. Protesters, joined by Senator Jeff Merkley, gathered outside the venue with signs like “illegal crypto party” and “democracy is not for sale.” While some attendees concealed their identities with masks, figures such as Tron founder Justin Sun were spotted by onlookers and later confirmed on social media.
The event could have broader implications, as it coincides with ongoing legislative discussions around cryptocurrency regulation. In response, Democratic lawmakers proposed new bills aimed at curbing what they described as “Trump’s crypto corruption.”
Representative Maxine Waters introduced legislation that would restrict the use of digital assets by top U.S. officials and their families. Additionally, Senate Democrats plan to add language to the GENIUS Act—legislation focused on stablecoins—to specifically address Trump’s involvement with World Liberty Financial, a crypto venture linked to his family that recently launched the USD1 stablecoin.
The memecoin dinner, though just one event, could end up playing a significant role in shaping future crypto laws in the U.S.
For more news, find me on Twitter Giannis Andreou and subscribe to My channels Youtube and Rumble
What is your opinion on this particular topic? Leave us your comment below! We are always interested in your opinion!
