{"id":346,"date":"2025-05-29T20:16:20","date_gmt":"2025-05-29T20:16:20","guid":{"rendered":"https:\/\/calib.pw\/?p=346"},"modified":"2025-05-30T12:06:00","modified_gmt":"2025-05-30T12:06:00","slug":"raskin-investigating-trump-meme-coin-event","status":"publish","type":"post","link":"https:\/\/calib.pw\/index.php\/2025\/05\/29\/raskin-investigating-trump-meme-coin-event\/","title":{"rendered":"Raskin investigating Trump meme coin event"},"content":{"rendered":"

Rep. Jamie Raskin (D-Md.) has opened an investigation into President Trump\u2019s meme coin dinner that took place last week and asked the White House to disclose the names of the attendees, warning that foreign governments could be attempting to curry favor with the president through cryptocurrency acquisitions. <\/p>\n

\u201cI write today to demand that you release the names of all the attendees at this dinner and provide information about the source of the money they each used to buy $TRUMP coins, so that we can prevent illegal foreign government emoluments from being pocketed without congressional consent,\u201d Raskin, the top Democrat on the House Judiciary Committee, wrote in a late Wednesday letter<\/a> to Trump. <\/p>\n

Raskin, who has often criticized<\/a> the president\u2019s foreign dealings, argued that the disclosure of the names of the individuals who attended the May 22 private dinner<\/a> at Trump\u2019s golf club will inform the public about \u201cwho is putting tens of millions of dollars into our President\u2019s pocket so we can start to figure out what \u2014 beyond virtually worthless memecoins \u2014 they are getting in exchange for all this money.\u201d <\/p>\n

The White House did not immediately respond to The Hill\u2019s request for comment. <\/p>\n

The letter comes as Vice President Vance addressed the crypto industry at the Bitcoin Conference in Las Vegas this week, telling attendees to bolster their involvement in politics. The sector\u2019s heavy hitters spent north of $200 million to back crypto-aligned candidates during the 2024 election cycle. <\/p>\n

\u201cTake the momentum of your political involvement in 2024 and carry it forward to 2026 and beyond. Don\u2019t ignore politics, because I guarantee you, my friends, politics is not going to ignore this community, not now and not in the future,\u201d Vance told the crowd<\/a> on Wednesday. <\/p>\n

Fairshake, a pro-crypto Super PAC, and its two affiliates announced in late January<\/a> that they have $116 million in cash on hand, preparing their war chest for the 2026 midterms. <\/p>\n

The dinner last week was limited to 220 attendees. The event drew $148 million in purchases, according to crypto firm Inca Digital<\/a>. <\/p>\n

Presidents have long attended private dinners to fill the coffers of their political committees, but last week\u2019s event will likely benefit Trump family-affiliated businesses, according to Raskin. The buyers at the dinner were not required to file disclosures, as would be the case when donating to political committees.<\/p>\n

\u201cProfiting off the memecoin is just the latest in a bewildering gamut of schemes in which you and your family have profited after your return to office and what you call \u2018the Swamp,\u2019\u201d the Maryland Democrat said. <\/p>\n

The White House has previously said the private event does not constitute a conflict of interest, saying that Trump\u2019s assets are managed by his sons in a blind trust. White House press secretary Karoline Leavitt told reporters the occasion \u201cis not a White House dinner\u201d and that Trump was attending it in \u201chis personal time.\u201d <\/p>\n

Raskin also highlighted in his letter that a Chinese-born crypto mogul Justin Sun invested $75 million in World Liberty Financial, a Trump family venture, after the president won the 2024 presidential election. Then in February, the Securities and Exchange Commission asked a court to halt a suit against Sun for two months. The businessman has faced market manipulation charges since 2023. <\/p>\n

Sun confirmed that he is the biggest owner of the meme token at the dinner. <\/p>\n

\u201cForeign nationals \u2014 who are not allowed to donate a dollar to your presidential campaign under federal election laws \u2014 are now purchasing access to you by buying millions of dollars of your personal memecoin,\u201d Raskin wrote. <\/p>\n

\u201cMoreover, given the opaque nature of the cryptocurrency buying process, there are few ways to ensure that the money used to purchase your memecoins are not from foreign governments or illegal proceeds in connection with terrorism, drug and human trafficking, money laundering, or other illegal activities,\u201d the Democratic lawmaker added. <\/p>\n","protected":false},"excerpt":{"rendered":"

Rep. Jamie Raskin (D-Md.) has opened an investigation into President Trump\u2019s meme coin dinner that took place last week and asked the White House to disclose the names of the attendees, warning that foreign governments could be attempting to curry favor with the president through cryptocurrency acquisitions.  \u201cI write today to demand that you release […]<\/p>\n","protected":false},"author":1,"featured_media":348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/calib.pw\/index.php\/wp-json\/wp\/v2\/posts\/346"}],"collection":[{"href":"https:\/\/calib.pw\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/calib.pw\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/calib.pw\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/calib.pw\/index.php\/wp-json\/wp\/v2\/comments?post=346"}],"version-history":[{"count":1,"href":"https:\/\/calib.pw\/index.php\/wp-json\/wp\/v2\/posts\/346\/revisions"}],"predecessor-version":[{"id":347,"href":"https:\/\/calib.pw\/index.php\/wp-json\/wp\/v2\/posts\/346\/revisions\/347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/calib.pw\/index.php\/wp-json\/wp\/v2\/media\/348"}],"wp:attachment":[{"href":"https:\/\/calib.pw\/index.php\/wp-json\/wp\/v2\/media?parent=346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/calib.pw\/index.php\/wp-json\/wp\/v2\/categories?post=346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/calib.pw\/index.php\/wp-json\/wp\/v2\/tags?post=346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}