Trump's Memecoin Dinner Questioned by Top Democrat on House Judiciary Committee

Trump’s Memecoin Dinner Questioned by Top Democrat on House Judiciary Committee

May 30, 2025

in Breaking, News

Reading Time: 8 mins read

BTC

$104,683.50

–

1.70%

ETH

$2,566.97

–

3.36%

USDT

$1.0001

0.02%

XRP

[Action required] Your RSS.app Trial has Expired.

Binance Australia Restores Direct Bank and PayID Transfers for User

Trove Investors Seek Refunds After Perps Pivot to Solana

Nasdaq Tells Canaan to Boost Share Price or Face Delisting

$2.1869

–

4.28%

BNB

$664.48

–

2.08%

SOL

$160.12

–

4.92%

USDC

$0.9998

0.00%

DOGE

$0.1990

–

9.39%

TRX

$0.2712

–

1.56%

ADA

$0.7052

–

4.28%

HYPE

$33.46

3.16%

SUI

$3.3228

–

7.75%

LINK

$14.20

–

7.22%

AVAX

$21.10

–

7.36%

XLM

$0.2703

–

4.40%

TON

$3.2957

–

4.01%

LEO

$8.8055

–

3.43%

BCH

$406.87

–

1.31%

SHIB

$0.0₄1310

–

7.42%

HBAR

$0.1709

–

6.09%

Policy

Share this article

By Jesse Hamilton|Edited by Nikhilesh De

May 30, 2025, 8:59 p.m.

President Donald Trump (Jesse Hamilton/CoinDesk)

Representative Jamie Raskin, the ranking Democrat on the House Judiciary Committee, questioned President Donald Trump about the event in which more than 200 of his memecoin buyers were invited to a special dinner.
Raskin joined other Democratic lawmakers in suggesting it’s inappropriate for Trump to be concealing the identities of a group of largely foreign investors into his crypto business.

A senior Democrat in the House of Representatives, Jamie Raskin, joined his name to lawmakers seeking answers about President Donald Trump’s recent dinner for top investors in his memecoin, sending questions directly to Trump.

STORY CONTINUES BELOW

Don’t miss another story.Subscribe to the State of Crypto Newsletter today.See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to ourterms of useandprivacy policy.

Raskin, the ranking Democrat on the House Judiciary Committee, has been a vocal critic of the president and becomes the latest of many from his party to probe details about the event, which they’ve called out as evidence of White House corruption. Because Raskin is in the minority party, his demands are unlikely to lead to further congressional action unless they regain the House or Senate in next year’s elections.

“I write today to demand that you release the names of all the attendees at this dinner and provide information about the source of the money they each used to buy $TRUMP coins, so that we can prevent illegal foreign government emoluments from being pocketed without congressional consent,” Raskin wrote this week to the president, joining many counterparts in the Senate in seeking the information, including Senators Elizabeth Warren, Chris Murphy and Richard Blumenthal.

“We deserve to know who is paying for access to our president, and what steps you took to ensure that the funds you receive are legitimate and legal, rather than the proceeds from foreign states or monarchs or illegal activities,” Rasking said, specifically highlighting Tron founder Justin Sun, a guest who was a major early investor in Trump’s family crypto operations.

Jesse Hamilton is CoinDesk’s deputy managing editor on the Global Policy and Regulation team, based in Washington, D.C. Before joining CoinDesk in 2022, he worked for more than a decade covering Wall Street regulation at Bloomberg News and Businessweek, writing about the early whisperings among federal agencies trying to decide what to do about crypto. He’s won several national honors in his reporting career, including from his time as a war correspondent in Iraq and as a police reporter for newspapers. Jesse is a graduate of Western Washington University, where he studied journalism and history. He has no crypto holdings.