In the grand theater of Washington, where the air is thick with ambition and the scent of scandal wafts like a cheap cologne, US House Speaker Mike Johnson has chosen the path of silence. He’s like a deer caught in the headlights of a speeding car, claiming ignorance about a crypto dinner hosted by none other than the flamboyant Donald Trump. “I haven’t heard about it,” he told CNN on May 25, as if the event was just a figment of someone’s overactive imagination. Meanwhile, 35 House Democrats are raising their voices, demanding a Justice Department investigation and the guest list, as if it were a secret recipe for grandma’s famous cookies.
Democrats Call For Probe
Reports have emerged that these 35 House Democrats have formally requested the Justice Department to look into Trump’s May 22 dinner, where the elite gathered to feast on the fruits of his Official Trump (TRUMP) memecoin. They’re worried that some of the biggest buyers might be foreign nationals, potentially breaking bribery rules or the Constitution’s emoluments clause. Senator Elizabeth Warren, with her usual flair, dubbed it an “orgy of corruption” at a press conference, leaving little to the imagination.
Questions Over Foreign Funds
Bloomberg reported on May 7 that a majority of the 220 invitees to this lavish dinner likely hailed from beyond the borders of the good ol’ US of A. Among them was Justin Sun, the Chinese-born CEO of Tron, who holds a hefty share of TRUMP tokens. Critics are scratching their heads, wondering where the money came from and how much each guest forked over to rub elbows with the big man.
Johnson Stays Silent
When pressed by Jake Tapper on May 25 about the lack of transparency, Johnson shrugged it off, claiming he was “a little busy” passing a $1.6 trillion budget bill. He even went so far as to praise Trump as “the most transparent president,” which is like calling a foggy day clear.
New Bill Seeks To Ban Profits
On the same day, Representative Maxine Waters and 14 of her colleagues introduced the “Stop TRUMP in Crypto Act.” This bill aims to prevent Trump and his family from profiting off any crypto venture while he’s in office. Waters pointed out that Trump’s crypto platform, World Liberty Financial, has raked in over $350 million in fees and profits tied to his memecoin. Talk about a golden goose!
Wider Crypto Concerns
Investors in TRUMP tokens saw a staggering 60% jump in price when the dinner was announced. Australian entrepreneur Kain Warwick even confessed to The New York Times on May 12 that he bought enough tokens to land himself in the top 25 holders, all for the sake of an invite. Meanwhile, Sheldon Xia, CEO of BitMart in the Cayman Islands, couldn’t resist posting photos from the event, further fueling the fire of foreign influence.
Legal Limits On Gifts
According to the Constitution’s emoluments clause, a president can’t accept gifts from foreign states without Congress’s approval. If some of these crypto investors slipped what amounts to a gift or payment to gain access, they could find themselves in a legal pickle. Ethics experts are shaking their heads, saying the lack of transparency makes it hard to rule out violations. It’s a real circus, folks!
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2025-05-26 16:17