Rep. Jamie Raskin Demands Transparency Over $TRUMP Crypto Investors
Former President Donald Trump’s private dinner for top investors in his $TRUMP memecoin has come under new scrutiny, with Representative Jamie Raskin (D-MD) demanding the disclosure of attendees and their funding sources. The event, which reportedly hosted over 200 investors, has ignited bipartisan concern over potential foreign influence and ethics violations.
Raskin, the ranking Democrat on the House Judiciary Committee, joined a growing list of lawmakers questioning whether Trump may have accepted payments or gifts from foreign nationals — a potential violation of the Constitution’s Emoluments Clause.
“We deserve to know who is paying for access to our president,” Raskin wrote in a letter this week, “and what steps you took to ensure that the funds you receive are legitimate and legal, rather than the proceeds from foreign states or monarchs or illegal activities.”
Focus on Foreign Funding and Crypto Ethics
The crypto-themed dinner, centered around Trump’s memecoin project, has raised serious red flags among congressional Democrats. The $TRUMP coin, which surged in popularity earlier this year following Trump’s return to the political spotlight, has attracted global buyers — including Tron founder Justin Sun, a controversial figure in the crypto world. Sun was reportedly in attendance at the dinner and was identified by Raskin as an early backer of the Trump family’s crypto ventures.
Lawmakers are concerned that foreign individuals may have used the token as a backdoor to gain political access, bypassing federal campaign finance and lobbying regulations.
Bipartisan Pressure Builds, but Action May Wait
While Raskin’s demands are unlikely to lead to immediate congressional action — as Democrats remain in the minority in the House — the growing number of voices, including Senators Elizabeth Warren, Chris Murphy, and Richard Blumenthal, suggests that this issue may become a flashpoint in the 2026 election cycle, especially if control of Congress shifts.
The White House and Trump campaign have yet to publicly respond to the latest inquiries.
Key Points:
- Raskin demands Trump release the full guest list and sources of $TRUMP coin purchases.
- Lawmakers fear illegal foreign funds may be involved in Trump’s crypto dinner.
- Justin Sun, a Chinese-born crypto entrepreneur, reportedly attended the event.
- Democratic oversight may intensify after the 2026 midterms.