Democratic Democrats threatened Democrats, introduced the law and planned to protest at the lead-up at the memecoin dinner of President Donald Trump.
Trump, whose affiliated businesses released $ Trump Memecoin a few days before he was inaugurated for his second term, announced that he had a 220 largest holder of his token for a dinner at the Trump National Golf Club in Potomac Falls, Virginia on Thursday, leading to a price of spikes as interesting partys that immediately bought more tokens An invitation.
Critics called the Move Corrupt, pointing out the fact that foreign buyers who otherwise were not legal to give money to the president – many of the dinners at the dinner were unknown, and some taught the ability to maintain anonymous as a factor in their decision to go, according to The Washington Post.
Tron Creeor Justin Sun Boasts about being top holder of the token ahead of dinner, along with Blockchain explorers suggesting that the purse with the largest $ Trump holds is tied to htxan exchange of crypto connected to the Sun.
Legal action
Richard Blumenthal, the Connecticut Democrat previously write open letters In two Businesses related to Trump Asking about their Crypto adventures, journalists told a press call arranged by the center-left guard who was responsible for us that Trump was “auctioning” access to the White House along with the memecoin dinner.
“What’s going on tonight … In effect, putting a ‘for sale’ signing the White House,” Blumenthal said. “It’s auctioning off access. He literally tells investors, ‘The more you buy my memecoin, the greater your chance to come to dinner with me.'”
Blumenthal suggested that a lawsuit could force Trump to adhere to at least some rules around foreign gifts or payments.
During Trump’s first presidency, Blumenthal and other members of Congress arrested Trump for allegedly violating the US Constitution’s foreign emoluments clause, which prohibits public officials from taking gifts from foreign governments without the consent of Congress. Although an appeal eventually took a suit in the suit, Blumenthal said Thursday was ready to try again.
“If there is a permission from Congress, members will bring a lawsuit. I would be happier to do this. I want to do it,” he said.
Although Congress does not allow it, private groups, such as public interests in the body, can also bring in a lawsuit, which can be supported by lawmakers through the briefs of Amicus, he said.
“And essentially, the allegation will be, he violates the provision of the United States Constitution that prohibits payments or benefits from a foreign power, plenottentiary,” he said. “This is specifically counted in the Constitution, unless he has consent to Congress and he has no consent.”
New bills
Representative Maxine Waters, the rank of Democrat in the House Financial Services Committee, pushed a new fee on Thursday to re -aim to make the President’s dealing clearly illegal. The law – labeled the stopping of trading, maintenance, and unfair market payments to the Crypto Act of 2025, carefully named for the purposes of an acronym as the stopping Trump at the Crypto Act – prohibits an elderly government official and lawmaker from the owner, control or service as an officer of a Crypto or token firm who has given up, and from the Crypto Officer who has given up, and from the Crypto -Dig -Dig -Diggal Firm, which is owned if they have special insales because of their government.
“There is nowhere innocent -a disrespectful and ignorance of the law of the law that is brighter than the way he took advantage of the office of the presidency to promote shady, deceptive crypto adventures without real value, and served with no real purpose other than piling his pocket,” Waters said in a statement when he announced the law.
A White House spokesman did not immediately respond to a request for comment on the backlash from the Democrats. In a press briefing, White House Press Secretary Karoline Leavitt said Trump was “attending (the dinner) at his personal time.”
“This is not a White House dinner, it does not happen here,” he said when asked if the White House would share the names of the attendees.
The bill of waters is more similar to the earlier efforts from Senator Chris Murphy, a democratic connecticut behind Modern Emolumen and Malfeasance Enforcement (MeME) Act, and representative Sam Liccardo, who also has a bill in the Chamber.
Democrats protesting Trump’s dinner, however, further reveal the party crypto split. These are mainly the same lawmakers who maintain a contradiction to crypto law, while another party’s faction recently joined Republicans to advance a bill in the Senate. Their argument: Trump’s actions may be inappropriate – or even illegal – but the new law does not have to underline that point.
Additional protest
Democratic senators Elizabeth Warren, Jeff Merkley and Murphy conducted a press conference Thursday afternoon with consumer advocacy groups to rot the president’s dinner plans. Lawmakers are asking for Trump to reveal the names of attendees at night.
“Through the wallets associated with foreign, incompatible transactions, and no allowable press, the event has raised stressful questions about the influence of foreign, national security and the growing corruption amid Trump’s crypto empire,” they said in a statement that the press conference in the US Capitol announced.
During the press conference itself, Warren, the leading Democrat on the Senate Banking Committee, stood in front of a podium with posters saying “release the guest list” and asked “Who’s coming to dinner?”
“Tonight is the orgy of corruption,” Warren said at Thursday at Thursday. He sang the expected attendance of Tron’s Sun, saying he would “have a great time at dinner tonight” after the Securities and Exchange Commission that the Tron enforcement work under the Trump administration was paused.
“Even if you release the names, it’s still corrupt,” Murphy argued on Thursday, adding that at least sharing attendees’ information would “show us to buy access to him.”
“This president is run by coin, both literally and figuratively,” said Liccardo, adding that Trump’s claim to attend a personal capacity could open him legal charges.
Merkley is also set to join a night protest near the gold-club dinner location, just outside Washington.
Read more: Trump’s Memecoin Dinner draws a tight cast of democratic protests from Congress
Update (May 22, 2025, 19:20 UTC): Adds information from the Senate Dems’ assembly.
