A heated controversy is brewing in Washington as Rep. Jamie Raskin pushes President Donald Trump to reveal the full list of guests who attended a private dinner after purchasing $TRUMP memecoins. These attendees reportedly spent close to $400 million just to get access.
This demand comes during the Bitcoin 2025 Conference in Las Vegas, where major crypto figures like Vice President JD Vance, Donald Trump Jr., Eric Trump, the Winklevoss twins, and pardoned Silk Road founder Ross Ulbricht are promoting the administration’s strong pro-crypto stance.
Jamie Raskin Calls for Transparency: Who Bought Their Way In?
In a letter sent Thursday, Raskin pressed President Trump to disclose the names of all 220 buyers who used $TRUMP coins to secure a spot at the private dinner. He pointed out that many of these buyers appear to be foreign nationals who only purchased the coins after the event was announced.
“These 220 buyers…collectively spent hundreds of millions of dollars — $394 million by one account,” said Raskin, noting that “we deserve to know who is paying for access to our president.”
He also expressed serious concerns that the event may break laws regarding foreign government payments, known as emoluments laws. Raskin demanded full disclosure of the sources of funds each attendee used to purchase the coins and set a deadline of June 4, 2025, for this information.
The Focus on Justin Sun and Potential Foreign Influence
One high-profile figure in the spotlight is Chinese-born crypto investor Justin Sun. He reportedly spent $23 million on $TRUMP coins. Sun has previously faced investigation by the U.S. Securities and Exchange Commission for his connections to a Trump-related crypto firm.
Raskin warned that some of the funds may come from illegal sources or foreign governments, raising red flags about possible foreign influence through cryptocurrency.
He was clear about what the public should know: beyond “virtually worthless memecoins,” what exactly are these buyers getting in return for their millions?
Crypto, Politics, and a Growing Scrutiny
This controversy unfolds at a critical moment for cryptocurrency in the U.S. The Trump administration’s aggressive push to embrace crypto, showcased at the Bitcoin 2025 Conference, marks a significant shift in policy.
However, Raskin’s demands highlight the ongoing concerns about foreign money mixing with political power through digital assets.
With the June 4 deadline fast approaching, all eyes are on President Trump to see if he will disclose the details about who is buying access – and with what money.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
The Trump Gala Dinner honored top buyers of the $TRUMP memecoin, offering VIP access, gifts, and dinner with Trump.
A private dinner for $TRUMP coin buyers, raising $394M, sparked ethics concerns over potential foreign influence and lack of transparency.
Critics argue the event may violate emoluments laws, as foreign funds could be used to gain political access through cryptocurrency.
