On May 22, U.S. President Donald Trump is expected to host an exclusive party in Washington, D.C., to honor 220 individuals who hold the most TRUMP memecoins issued by him. This event promises not only a lavish evening but also includes VIP tours of the White House, attracting public and media attention.
Guest List and Notable Names
Although the official guest list has not yet been released as of May 19, media sources and blockchain data have revealed some potential attendees. According to Bloomberg, more than half of the 220 top cryptocurrency wallets may belong to foreign investors. Among those who have applied to attend are Kain Warwick—founder of Synthetix, financial consultant Vincent Deriu, and Morten Christensen. Additionally, there is “Ogle,” an advisor at World Liberty Financial, a representative from the startup MemeCore (Singapore), and Vincent Liu—Investment Director at Kronos Research (Taiwan).
Congressional Backlash
Even before it officially occurs, the event has faced strong criticism from members of Congress. Many lawmakers are concerned that President Trump is turning the White House into a “stage” for accepting opaque investments, which could even be seen as bribery, especially given the connections of many investors to foreign governments. These questions not only intensify debates about memecoins but also impact policies related to cryptocurrencies.
Related: Eric Trump Unveils Bold Plan to Dominate Bitcoin Mining
Impact on Digital Asset Policy
The memecoin incident has complicated discussions about the regulatory framework for cryptocurrencies in the U.S. In the Senate, a bill on stablecoins is under consideration, while the House is also weighing a draft on the structure of digital asset markets. Some Democratic lawmakers have stated they will not support any legislation unless concerns about “Trump’s crypto corruption” are thoroughly addressed.
Rebecca Liao, CEO of blockchain Saga, commented:
“The Democrats view this as a form of legitimizing corruption. A bill that once had the potential for bipartisan agreement has now become a political battleground between the Democrats and the Trump administration.”
It is expected that several organizations, including the Arlington, Virginia, branch of the Democratic Party, will hold protests on the day of the event to oppose the “exploitation of power” at the White House.
