Hours Before Trump's Memecoin Gala, Dems Unleash Anti-Crypto Corruption Bill

Yo, just when you thought things couldn't get wilder, the Dems threw a curveball right before President Donald Trump's big bash for his memecoin holders! They're cracking down on what they're calling the skyrocketing "crypto corruption" in Washington. Talk about timing!

Led by the fierce Rep. Maxine Waters, 15 House Democrats are dropping the hammer with the "Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025." They're not messing around!

This bill? It's gonna ban the president, vice president, members of Congress, and their families from owning, hyping up, or making bank off digital assets while they're in the game. No more shady crypto side hustles!

And get this - lawmakers won't be able to hold onto crypto in a way that lets them pull the strings on those tokens. It's all about keeping things above board.

"Trump's crypto con isn't just some scam to fleece investors," Waters fired back in a statement that's dripping with intensity. "It's a dangerous back door for auctioning off American policy to the highest foreign bidder." Mic drop!

This bombshell legislation is hitting the scene right as Trump's crypto connections are under the microscope. The prez and his wife, Melania, just dropped their own personal memecoins. They're all in on this digital money game!

But wait, there's more! The Trump fam is backing a stablecoin through the crypto outfit World Liberty Financial, and his sons are neck-deep in a Bitcoin mining venture. It's like a crypto family reunion!

And hold onto your hats - blockchain records are spilling the tea that Justin Sun, the Tron founder and a Chinese national, is one of the biggest whales in TRUMP (TRUMP) - the memecoin that's your golden ticket to Thursday night's dinner. The plot thickens!

Protests outside the gala

This exclusive gala at Trump's golf club in Virginia? It's only for the top 220 $TRUMP holders, and some of them shelled out between $55,000 and nearly $38 million in tokens just to snag an invite. That's some serious FOMO!

But not everyone's sipping the Kool-Aid. Critics like Sen. Richard Blumenthal are calling out Trump for "auctioning" access to the White House and maybe even breaking the Constitution's ban on foreign gifts. It's a constitutional crisis in the making!

And outside the event? It's a full-blown protest party! Senators Chris Murphy, Elizabeth Warren, and Jeff Merkley, along with Rep. Sam Liccardo and some fired-up advocacy groups, are out there waving signs and shouting down Trump's "meme coin" fundraising dinner as a threat to national security and a corruption magnet. They shared a note with us that's scorching hot!

At a press conference that was off the charts, the group was demanding to see the list of attendees and any promised favors. No more secrets! And Murphy? He's pushing his new MEME Act to put the brakes on public officials cashing in on digital assets. It's a battle for the ages!