On May 22, US President Donald Trump is set to host a private dinner event in Washington, DC, exclusively for the 220 largest holders of his memecoin, TRUMP. The identities of attendees remain largely undisclosed, but prominent figures such as Tron (TRX) founder Justin Sun have confirmed their participation. Sun, who owns over 1.43 billion TRUMP tokens, announced he will attend as the highest TRUMP token holder.
The event will also include a private session with President Trump and a White House tour for the top 25 holders prior to dinner. The gathering is considered the largest cryptocurrency-related event of the year linked to a political figure.
Data indicates that more than half of the qualifying wallets are controlled by foreign nationals, prompting scrutiny and criticism from members of the US Congress. Concerns focus on potential conflicts of interest and the possibility that the event could serve as a conduit for bribery or influence peddling, especially given Trump’s family's open crypto investments and ventures.
Additional attendees reportedly include Synthetix founder Kain Warwick, investment consultant Vincent Deriu, and multiple crypto sector representatives. Some have paid modest sums for the opportunity to engage directly with the former president, while others may have political or speculative motives.
The controversy has impacted ongoing US legislative discussions on cryptocurrency regulation. Proposed bills aimed at stablecoin oversight and market structure reforms are reportedly facing delays and opposition, partly attributed to concerns over 'Trump’s crypto corruption.' Democrats have indicated reluctance to advance any legislation until potential conflicts related to Trump’s crypto ties are addressed.
Meanwhile, organizations opposed to the event have planned protests, emphasizing ethical and transparency issues surrounding the dinner. The political divide is evident with some officials downplaying conflict concerns, whereas others warn the event underscores the intersection of politics and emerging crypto markets.