Trump’s Gala for TRUMP Token Holders Sparks Calls for Guest List Disclosure

Democrats have accused U.S. President Donald Trump of creating a channel for selling political influence through cryptocurrencies, reports The Block.

The occasion was a private dinner for 220 major holders of the TRUMP meme coin, hosted by the president at his golf club in Virginia. Guests were served steak, halibut, and chocolate dessert, with posters bearing the slogan “Fight Fight Fight” — a nod to the token’s issuing company — adorning the tables.

Democratic Senator Richard Blumenthal claimed that the Trump administration is concealing the list of attendees, which may include representatives of foreign states:

“He is selling out America. Jeopardizing national security.”

Legislator Elizabeth Warren described the event as a “backdoor for buying political decisions,” suggesting that China or Russia could use tokens to influence the White House.

The administration declined to release the guest list, emphasizing that the dinner was a personal initiative of Trump, not an official event.

Confirmed attendees included TRON founder Justin Sun, Magic Eden CEO Jack Lu, and BitMart head Sheldon Xia.

pic.twitter.com/FnQIk8U3oh

— Sheldon (@sheldonbitmart) May 23, 2025

Footage from the event shows guests receiving black gift bags, while Sun was presented with a $100,000 gold watch by Trump.

As the top holder of $TRUMP and proud supporter of President Trump, it was an honor to attend the Trump Gala Dinner by @GetTrumpMemes.

Thank you @POTUS for your unwavering support of our industry!#MakeCryptoGreatAgain?? pic.twitter.com/Yy2TuWEgzT

— H.E. Justin Sun ? (@justinsuntron) May 23, 2025

Outside the club, around 100 protesters gathered with signs reading “Crypto Corruption” and “Democracy is Not for Sale.”

BREAKING: In a stunning moment, protesters have swarmed Trump National Golf Club, where Trump is hosting his “Memecoin” dinner tonight.

Outside: fury.

Inside: crypto bros and campaign bundlers toasting corruption like it’s vintage wine.

Americans are done watching billionaires… pic.twitter.com/WrkwtMYiSF

— Brian Allen (@allenanalysis) May 23, 2025

Meanwhile, Congresswoman Maxine Waters introduced a bill to ban government officials from issuing cryptocurrencies, labeling TRUMP a “scam” and a threat to national security.

Previously, a similar initiative was proposed by Sam Liccardo, calling for restrictions on Congress members and their families engaging with the crypto market.

Skybridge founder Anthony Scaramucci, in an interview with CNBC, acknowledged the president’s contributions to digital asset regulation but criticized the event.

According to NBC, the cost of attending the dinner ranged from $55,000 to $37.7 million.

Back in April, TRUMP buyer Morten Kristensen and four of his friends received invitations to the gala dinner with U.S. President Donald Trump, spending about $1,200 per seat.