Trump to Raise Millions via $1.5M Crypto Dinners, May 22 $TRUMP Gala Dominated by Foreign Holders

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Updated May 7, 2025, 03:26 PM

U.S. President Donald Trump is set to raise millions of dollars this month through two high-profile crypto-focused fundraising dinners. The first event, held on May 5 at the Trump National Golf Club in Virginia, was a "Crypto & AI Innovators Dinner" featuring Crypto Czar David Sacks, with tickets priced at $1.5 million each. The second event, scheduled for May 22, is an exclusive gala dinner for holders of the $TRUMP memecoin, with access determined by a blockchain leaderboard. The $TRUMP token has surged 20% in the past month, driven in part by the announcement of the gala. A Bloomberg News analysis reveals that more than 75% of the top 220 holders of the $TRUMP memecoin are likely based outside the United States, including notable figures such as Justin Sun, who reportedly holds $18 million worth of the token. The events have sparked controversy and ethics concerns on Capitol Hill, with critics highlighting the potential for foreign influence and corruption. Senator Elizabeth Warren has called for the Senate to address what she describes as "breathtaking crypto corruption" linked to Trump’s fundraising activities. Despite skepticism from Wall Street investors and opposition from Democrats, the $TRUMP memecoin continues to attract strong interest from cryptocurrency traders.

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#Donald Trump #Trump National Golf Club #Virginia #David Sacks #Bloomberg News #United States #Justin Sun #Capitol Hill #Elizabeth Warren #Senate #Trump #Wall Street #Democrats

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Sources

politico.com(3)bloomberg.com(2)lesechos.fr techmeme.com

POLITICO

@politico

Wall Street investors scoffed at it. Democrats have railed against it. But cryptocurrency traders can’t get enough of Trump’s memecoin. https://t.co/c8ic4KU50B

Les Echos

@LesEchos

Trump's crypto activism casts doubt on the impartiality of future regulation https://t.co/CBbTxvcVUg

Elizabeth Warren

@SenWarren

Trump is making hundreds of millions off stablecoins and crypto. The Senate should not pass the GENIUS Act without addressing Trump’s breathtaking crypto corruption. https://t.co/jL6apFLyr9