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Raskin investigating Trump meme coin event

  • Rep. Jamie Raskin is investigating President Donald Trump's May 22 crypto dinner at his golf club near Washington, D.C., attended by top investors in the $TRUMP meme coin.
  • Raskin wrote to Trump demanding the release of attendees' names and funding sources due to concerns about foreign nationals possibly buying $TRUMP tokens via offshore exchanges.
  • The dinner involved 220 investors who spent millions, with 161 likely foreign nationals, while entities tied to Trump controls 80% of the 1 billion coin supply and profits from sales.
  • Raskin described the event as one of many concerning schemes profiting from the presidency and cautioned that it might violate the Constitution's Emoluments Clause.
  • The investigation highlights potential conflicts between Trump's official role and private interests, prompting calls for transparency amid concerns about foreign influence and illegal activities.
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The Hill broke the news in Washington, United States on Tuesday, May 27, 2025.
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