At Trump's Memecoin dinner, guests who have paid the invitation can count on anonymity

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Critics of the decision of the President to auction a private dinner about his crypto token with Trump brands was worried about the stunt for a few reasons. At the top of the list: The potential for foreigners to buy access to the seated president, which the US constitution expressly prohibits.

These concerns were apparently well founded. The vast majority of the top owners of Trump's Memecoin seem to be overseas, including the crypto mogul, born in China, which was exposed to civil fraud in the United States until recently.

The gala on Thursday, which was invoiced by the organizers as the “most exclusive invitation in the world”, will take place on Thursday in the President's private Trump National Golf Club outside of Washington, DC.

The guests are expected to include President Donald Trump himself and 220 of Trump -Trump's top buyers who have thrown into Memecoin for over three weeks -a kind of crypto product that is functionally useless as a currency or asset drachting vehicle, and a serious investor who tends to collapse due to their tendency. The $ Trump website initially said that the top 25 owners had for a private tour in the White House – the type of access that is usually reserved for heads of state. The website later dropped the reference to the White House, but still promised a “Special VIP Tour”, which was not described in more detail.

And because crypto of design is anonymous, the identities of the top investor die in a public ranking with nothing but self-selected user names and long, cryptographic digital wallets are easy to hold on.

An analysis by Bloomberg News showed that all of the 25 top owners of the $ Trump-Memecoin used foreign stock exchanges that have allegedly expired for anyone who lives in the USA. Bloomberg found more than half of the top 220 owners used similar offshore exchanges.

The “ultra-exclusive private VIP reception” on Thursday is only the latest instance of the Trump administration, which beats ethical boundaries between the office and the president's personal prize. His obvious contempt for such limits has annoyed the commentators throughout the political spectrum.

Senator Chris Murphy, a democrat in Connecticut, who introduced laws in order to prohibit civil servants, said in a hearing this week that the gala “is a real problem” because “there is clearly a way in the Foreign Ministry for Foreign Persons of considerable influence and prosperity to do the president directly”. And even the Republican crypto lawyer Sen. Cynthia Lummis from Wyoming said the event gives her “break”.

The Progressive Advocacy Group Public Citizen organizes a protest outside of Potomac Falls, Virginia, the golf course, and asks the Ministry of Justice and other civil servants to hold Trump accountable.

“He would help himself by calling up his Thursday Gala,” wrote the conservative editorial page of Wall Street Journal on Tuesday. “If he doesn't, he could at least disclose the winners of his crypto competition so that the Americans know who may try to buy access to the president.”

That also seems unlikely.

When CNN asked the White House whether a gala guest list would be released, a spokesman replied with a statement: “President Trump is only in the best interest of the American public, and if they have mostly re-elected him and false accusations against him and his business from the fake news media.”

The organizers of the auction did not respond to the request from CNN for a comment.

A publicly known guest is Justin Sun, the crypto entrepreneur, born in China, who did not hide his status exactly. The observers were fairly certain that the billionaire led the package when the public ranking of the auction showed the username the sun that exceeds the rows. Sun later confirmed on Tuesday on social media that he was “honored” to support Trump and being excited, at the gala “as his top fan!”

Trump's re-election and his newly discovered enthusiasm for crypto came for a happy time for Sun, the 34-year-old founder of the Blockchain Company Tron. In 2023, the US supervisory authorities accused Sun and his company, not registered securities and to manipulate the price of the digital token tronix fraudulently.

Sun, a citizen of St. Kitts and Nevis, was the first prominent investor to support Trump's crypto project, World Liberty Financial, which started in autumn 2024.

Overall, Suns, including the purchase that they triggered from other crypto enthusiasts, generated an estimated 400 million US dollar for the Trump family, according to Forbes.

Then, about a month after Trump's second term, the Securities and Exchange Commission carried out a 180 for practically all crypto enforcement measures, including the allegations of civil fraud submitted against Sun and its company. In February, the SEC lawyers asked a federal judge to put the agency's civil fraud on the waiting loop, citing “the interest of the public”.

Sun is a polarizing figure, also within crypto. He is known as a showman after he had previously connected $ 4.6 million for a dinner with Warren Buffett (the Sun and postponed) and 28 million US dollars for Jeff Bezos on board the first crew mission from Blue Origin (although Sun had to get out). Sun, who told Forbes his net wealth from his expansive crypto empire over $ 40 billion, made headlines last year when he bought a conceptual work of art of $ 6.2 million of a banana canal that was closed to a wall. He immediately ate the banana.