Labeling it proof of creeping corruption, Sen. Elizabeth Warren blasted Donald Trump’s crypto-fueled Trump gala on Thursday, arguing the $TRUMP dinner lets nameless whales buy presidential entry. Lawmakers at the moment are weighing tighter stablecoin guidelines in response.
Elizabeth Warren Criticizes Trump
In a Could 22 press convention, Warren chided the $TRUMP dinner as an extension of Trump, “turning the White Home right into a crypto money machine.”
Individuals didn’t ship us to Congress to assist Trump flip the White Home right into a crypto money machine.
We will't look the opposite manner when the President hosts a personal dinner for his prime meme coin consumers—or go crypto payments just like the GENIUS Act that may additional line his pockets. pic.twitter.com/W0oXsF22bG— Elizabeth Warren (@SenWarren) Could 22, 2025
“That is an orgy of corruption,” the senator from Massachusetts stated. “The American folks do not know who’s shopping for entry to the president, and no thought what they’re getting in return.”
Warren additional criticized the development of the GENIUS Act throughout the Senate, stating the laws ought to have provisions that prohibit the president and his household “from immediately or not directly making the most of any stablecoin enterprise, interval.”
“With out this repair, we’re not regulating stablecoins, we’re turbocharging the identical corruption that we’re witnessing tonight as Donald Trump opens the White Home doorways and sells favors to his rich crypto allies,” she added. “We have to put a cease to this.”
$TRUMP Meme Coin Gala Ushers In Excessive-Profile Friends
Information of Warren’s commentary coincides with Trump’s meme coin gala dinner hosted at Trump Nationwide Golf Membership simply outdoors of Washington, D.C., on Thursday for the highest 220 buyers of $TRUMP.
The highest 25 buyers had been additionally eligible to attend an “unique reception” alongside Trump forward of the dinner, which included a “particular VIP tour” for attendees.
Critics claimed that the occasion could show unethical, as international influences could have been capable of purchase Trump’s favor by buying sweeping quantities of the coin.
NEW: Two attendees of Trump’s crypto VIP reception and dinner final night time shared that whereas the meals was good, they had been disenchanted by the shortage of significant interplay with the president.
They’d hoped for extra entry and even perhaps a Q&A session for the highest pockets…— Eleanor Terrett (@EleanorTerrett) Could 23, 2025
Nevertheless, Crypto in America journalist Eleanor Terrett indicated that some attendees discovered the occasion lacked “significant interplay with the president.”
Distinguished diners on the gala included Tron founder Justin Solar and former NBA participant Lamar Odom, although they had been greeted by practically 100 demonstrators protesting the affair.
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