A top House Democrat, Rep. Jamie Raskin, has launched a probe into the private dinner hosted by President Donald Trump for top investors in his meme coin, seeking to highlight ethical and legal concerns raised by the president’s willingness to profit from his position.
The dinner, which was attended by major investors, including Justin Sun, the founder of the crypto platform Tron, was shrouded in secrecy. Critics argue that it allowed foreign buyers to secretly purchase Trump coins, potentially violating the emoluments clause of the Constitution and federal regulations.
Raskin’s probe aims to uncover who funded Trump’s meme coin dinner and what they received in exchange for their investment. The investigation follows a series of Democrat-led efforts to shine a light on Trump’s crypto dealings.
In his letter, Raskin cited concerns over the potential for corruption and asked whether the White House or Trump’s companies checked to see if funds used to purchase the meme coins were linked to terrorist organizations or other illicit activities.
The probe is part of a growing trend of Democrats scrutinizing Trump’s business entanglements, including his family’s expansion into crypto businesses. The investigation raises questions about the president’s ability to separate his personal interests from his public office and the potential for conflicts of interest.
Source: https://www.washingtonpost.com/politics/2025/05/29/trump-crypto-dinner-investigation-democrats