- Democratic lawmakers organize multiple protests against Trump’s crypto dinner with 200+ investors at his golf course.
- Rep. Maxine Waters introduced a new bill to ban presidents and Congress members from profiting through crypto ventures.
The most awaited dinner between President Trump and their memecoin investors has led to a strong political dispute on Capitol Hill. Now, Democrats are protesting and planning to introduce a bill to address what they see as serious corruption in the White House.
The event, which included more than 200 of Trump’s leading meme coin investors at his Washington D.C. golf course, has sparked worries about conflicts of interest for the president.
Democratic Opposition Mobilizes
Maxine Waters, the top Democrat on the House Financial Services Committee, is leading the Democratic effort. He will organize a rally at noon on the Capitol steps to introduce new legislation on Trump’s crypto activities. The bill she introduced would stop presidents, vice presidents and congressional members from earning money through cryptocurrency investments while they are in office.
The protests kept going all day, and on Wednesday at 2:30 p.m., Senators Chris Murphy and Elizabeth Warren joined another press conference. Murphy introduced the MEME Act, which is designed to stop federal officials from profiting from their offices by using digital assets. The protest ended with a rally outside Trump’s golf course, arranged by liberal groups under the “America Is Not For Sale” slogan.
People are talking about the event because the guest list is secret, and some say it cost millions for attendees to buy Trump’s memecoins to be invited. Some argue that the current process allows foreigners to meet the president without anyone knowing, which could be a national security risk. According to sources, the dinner cost is approximately $1 million per seat, and the 200 attendees spent over $394 million on the Trump memecoin.
Among those expected to attend are Justin Sun and other prominent people from the cryptocurrency world, whose investments go straight to Trump’s businesses. Because participants are kept anonymous, Democrats are even more concerned about how transparent and accountable presidential actions are.
Even though there is a political uproar, Trump’s team claims these businesses do not create any conflicts of interest. At the Consensus 2025 conference, White House official Bo Hines said the family is allowed to participate in crypto markets.
The controversy has already affected wider cryptocurrency legislation, leading to a break in Senate stablecoin regulation efforts. Yet, this week the bill picked up where it left off, moving ahead in the Senate despite the heated debates about Trump. The case shows how cryptocurrency policy and presidential ethics are increasingly linked in the capital.
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