Top House Dem Launches Probe into Trump's Cash-Cow Memecoin - Did Foreign Cash Flow Into POTUS' Pockets?

Exclusive Dinner for TRUMP Memecoin Bigwigs Sparks Ethics Firestorm

Hang onto your hats, folks - President Donald Trump's stirring up another storm! A top House Democrat's now demanding answers about a hush-hush dinner Trump threw for the high rollers of his Official Trump (TRUMP) memecoin. We're talking big bucks and bigger questions about ethics and potential foreign meddling.

Rep. Jamie Raskin, the leading Dem on the House Judiciary Committee, isn't playing around. He fired off a letter late Wednesday, grilling Trump about who got an invite to this elite shindig last week. Raskin's also sweating the details on how they vetted the cash, worried that foreign governments or shady characters might be slipping some bills into Trump's wallet.

"Publication of this list will also let the American people know who is putting tens of millions of dollars into our President's pocket so we can start to figure out what — beyond virtually worthless memecoins — they are getting in exchange for all this money."

Jamie Raskin

The swanky dinner went down at Trump's Virginia golf club, a thank-you bash for the memecoin's top 220 holders. Ethics gurus are sounding the alarm, saying this blurs the line between Trump's business and his political gig like nobody's business. Unlike campaign fundraisers, where the dough goes to political groups, this cash flowed straight to Trump-linked companies, according to blockchain sleuths.

Honored to support @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan! As the top holder of $TRUMP, I’m excited to connect with everyone, talk crypto, and discuss the future of our industry. 🇺🇸

Get this - Justin Sun, the brain behind the TRON blockchain, strutted onto the scene, boasting on X about being the memecoin's biggest spender. But hold up, Sun's no stranger to legal heat; the SEC threw down charges of market manipulation in 2023, though things got quiet after Trump took the White House. The prez's crew insists there's no funny business here.