$2.5B Dinner, $TRUMP Memecoin, and Johnson’s “No Idea” — It’s Getting Messy
Speaker of the U.S. House, Mike Johnson, said he was unaware of Trump’s dinner with TRUMP memecoin investors, leading to criticism and further questions about the administration’s transparency.
Speaking on CNN’s State of the Union on May 26, 2025, House Speaker Mike Johnson claimed he was completely unaware of the crypto-themed dinner Donald Trump held days earlier for major TRUMP memecoin holders.
On May 16, 2025, Donald Trump organized a closed-door dinner at the Trump National Golf Club in Sterling, Virginia, where he welcomed over 200 of the largest stakeholders in his TRUMP token — a memecoin lauched this January. Analysts value the asset at more than $2.5 billion and estimate that Trump’s associates may hold up to 40% of it.
Check this out: Anti-Memecoin Law: Democrats Push to Ban TRUMP and MELANIA
The White House didn’t comment on the dinner, no guest list was made public, and the event itself stayed private. No media were allowed. The only drinks served were Trump wine and water, and insiders say Trump barely spoke to most of the guests.
Chinese crypto mogul Justin Sun’s attendance — along with that of several other foreign investors — sparked speculation over possible foreign influence. That concern is amplified by the fact that TRUMP could soon face regulation from the same administration pushing a crypto-friendly narrative.
Johnson’s Deflection Sparks Criticism
Appearing on CNN’s State of the Union, Speaker Mike Johnson dodged a pointed question from Jake Tapper about Donald Trump’s crypto dinner and a possible conflict of interest. Johnson claimed ignorance, saying he was too busy working on the federal budget.
He then praised Trump as “the most transparent president in history,” adding that everything the former president does is above board. The response drew sharp criticism. Journalists, Democratic lawmakers, and X users blasted Johnson for double standards and for shirking his role as a government watchdog.
Commentators noted the irony: the same Mike Johnson who launched a probe into Hunter Biden over alleged corruption involving his father now refuses to weigh in on Trump’s crypto dealings. To critics, that’s a textbook case of partisan hypocrisy and selective outrage.
Political Stakes and Market Fallout
The scandal over Trump’s private сrypto dinner with TRUMP token investors reignited debate about conflicts of interest at the highest level of government. A sitting president with a direct financial interest in crypto could have undue influence over the rules governing the industry. This fear deepened after Trump’s January 23, 2025 executive order, which softened the DOJ’s stance on prosecuting crypto crimes. Both opposition leaders and transparency advocates have raised red flags about the implications.
The backlash has triggered calls for a full public probe. Democrats and political activists are demanding Trump reveal who attended the private dinner — and where the money behind TRUMP really came from.
With national elections looming, the scandal could quickly become a flashpoint. Critics say it underscores the need to confront how political power is used — or abused — for personal crypto profit.
Read on: Warren Demands SEC Release Information on WLFI, Investigating Trump Ties
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