About 200 Trump Coin Buyers Attend
Hosts Private Dinner Event
On May 22 (local time), U.S. President Donald Trump reaffirmed his previous pledge to make the United States the global capital of cryptocurrency, stating that the country currently dominates the digital asset market, during a dinner event for meme coin investors.
President Trump hosted a private, crypto-themed dinner event at the Trump National Golf Club in Virginia, near Washington, D.C., attended by around 200 purchasers of his own meme coin, "Trump Coin" ($TRUMP).
In his speech at the event, President Trump stated, "The United States dominates the world in cryptocurrency, especially in Bitcoin, and will continue to do so," reaffirming his commitment to making America the capital of the global digital asset industry.
After President Trump's speech, Bill Zanker, a co-host of the dinner, introduced Justin Sun, a Chinese cryptocurrency entrepreneur, as a speaker. According to Bloomberg News, Sun remarked that "the crypto industry has suffered from regulatory barriers for over a decade," voiced his support for Trump, and took photos with attendees.
The event faced strong criticism from the Democratic Party. Democratic figures, including Senator Elizabeth Warren, raised concerns about conflicts of interest, particularly noting the participation of foreign individuals. Senator Richard Blumenthal sharply criticized the event, stating, "Trump has essentially put a 'for sale' sign on the White House lawn."
As attendees appeared at the venue, about 100 protesters continued their demonstration, chanting slogans such as "Shame on you" and "Choke on your dinner." Some held placards reading "Meme coin scammers to jail."
President Trump was previously skeptical of digital assets, but in recent years has transformed into an active supporter. He has launched four series of non-fungible tokens (NFTs), appointed pro-cryptocurrency officials at the start of his second presidential term, and established a strategic Bitcoin reserve. He also issued Trump Coin just before his inauguration. Although the coin's market capitalization approached $15 billion immediately after its launch, it has since declined to around $2.9 billion.
President Trump's family has also actively entered the cryptocurrency business. His sons launched World Liberty Financial in September last year, raising over $500 million and participating in Bitcoin mining operations.
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