Rep. Jamie Raskin is investigating President Donald Trump’s May 22 crypto dinner at his golf club near Washington, D.C., attended by top investors in the $TRUMP meme coin. Raskin wrote to Trump, demanding the release of attendees’ names and funding sources due to concerns that foreign nationals might be buying $TRUMP tokens via offshore exchanges.
The dinner involved 220 investors who spent millions, with 161 likely foreign nationals, while entities tied to Trump controls 80% of the 1 billion coin supply and profits from sales.
Raskin described the event as one of many concerning schemes profiting from the presidency and cautioned that it might violate the Constitution’s Emoluments Clause.
The investigation highlights potential conflicts between Trump’s official role and private interests, prompting calls for transparency amid concerns about foreign influence and illegal activities.
