Trump’s Memecoin Dinner Attracts a Large Group of Congressional Democratic Protesters

As Donald Trump’s prominent memecoin backers, including Justin Sun, enjoy his company at a dinner event, Democratic legislators and advocacy groups have organized protests and sessions to criticize the president’s involvement in cryptocurrency, labeling it as inherently corrupt.

Trump is inviting more than 200 top memecoin investors to his dinner, with funds from these investors enhancing Trump’s own business ventures. The gathering is said to occur at Trump National Golf Club in the Washington D.C. area, where attendees might confront protesters outside the venue.

In contrast to the dinner, protests will begin earlier that day near the Capitol. At 12:45 p.m., Representative Maxine Waters will lead other Democrats in voicing their disapproval of Trump, accusing him of exploiting his presidential powers to unduly benefit from crypto enterprises related to him and his family, based on a notice for the event.

Waters is set to unveil a new messaging bill aimed at “blocking Trump’s memecoin and eradicating his crypto corruption.” Although this legislation is unlikely to progress in a Republican-controlled Congress, it seeks to prohibit presidents, vice presidents, members of Congress, and their families from “engaging in analogous crypto transgressions.”

This proposed ban mirrors what Democrats attempted to include in prior crypto regulations, yet Republicans have refused to embed language targeting Trump in ongoing digital asset bills, including the Senate’s near-final stablecoin proposal.

Later in the day, at 2:30 p.m., Senate Democrats will hold another press conference, featuring Senators Chris Murphy and Elizabeth Warren, both outspoken critics of Trump’s actions regarding cryptocurrency. Murphy has introduced a similar bill, the Modern Emoluments and Malfeasance Enforcement (MEME) Act, aimed at preventing federal officials from benefitting from digital assets due to their positions.

This event, also occurring outside the Capitol, will include Senator Jeff Merkley, who plans to attend a protest near Trump’s golf course later that evening, organized by progressive organizations under the “Our Revolution” banner. The rally, titled “America Is Not For Sale,” is intended to challenge “a clear instance of political influence being up for grabs to the highest bidder.”

While the guest list for the memecoin dinner remains undisclosed, analysis of the memecoin purchases indicates that the largest investors have spent millions to secure their participation. Critics highlight that the anonymity of attendees raises concerns about foreign investors gaining access to the president without public awareness.

Discussions surrounding the president’s cryptocurrency affiliations briefly stalled progress on U.S. stablecoin legislation intended to establish guidelines for domestic issuers, although the bill regained momentum this week, successfully passing a crucial procedural vote in the Senate on Monday.

Trump’s team has minimized these corruption allegations, with White House representative Bo Hines asserting last week during CoinDesk’s Consensus 2025 in Toronto that the Trump family’s crypto ventures do not result in any conflict of interest, affirming their “right to participate in capital markets.”