Top Democrat opens probe into Trump memecoin dinner and demands names of attendees

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Donald Trump faces another headache.

A top House Democrat just slapped the US president with an investigation into the gala dinner he recently hosted for investors into his $TRUMP memecoin.

Jamie Raskin, the top Democrat in the House Judiciary Committee, has demanded that Trump publish the names of every investor who attended the gala dinner.

“Publication of this list will also let the American people know who is putting tens of millions of dollars into our president’s pocket so we can start to figure out what — beyond virtually worthless memecoins — they are getting in exchange for all this money,” Raskin wrote in a letter, first reported by The Washington Post.

Growing support

Raskin’s challenge comes in a week where the White House and the Trump family signalled plans to up their support of the digital asset industry.

Vice President JD Vance and Trump’s oldest sons headlined the Bitcoin 2025 conference, and Trump Media unveiled plans to raise $2.5 billion to invest in Bitcoin.

Since taking office, Trump has fired off a barrage of executive orders to bolster the crypto industry, plugged government roles with pro-industry wonks, and encouraged the Securities and Exchange Commission to end its cases against crypto companies.

This year, the president and his wife have both launched memecoins, and Trump Media has launched a fintech division called Truth.Fi that’s partnered with Crypto.com.

His two oldest sons have also promoted a separate crypto company called World Liberty Financial, or WLFI, and recently launched a Bitcoin mining company called American Bitcoin.

Most recently, the president invited the 220 top holders of the $TRUMP memecoin to a gala dinner.

The list included Justin Sun, the billionaire founder of the Tron blockchain and an adviser to WLFI. In February, the SEC asked a court to pause the agency’s enforcement case against the crypto mogul, according to a court filing.

Raskin rages

Raskin’s letter is the latest example of Democrats’ attacks on Trump and his family’s crypto empire.

In April, Trump’s political opponents listed 100 alleged conflicts of interest in his administration, with about a fifth of the allegations stemming from crypto.

“It’s open corruption,” late US Representative Gerry Connolly told DL News at the time.

The White House refuted the allegations.

“President Trump’s assets are in a trust managed by his children. There are no conflicts of interest,” Anna Kelly, the deputy press secretary, told DL News.

This week, several Democrats — including Representative Emanuel Cleaver and Ranking Member Maxine Waters — introduced the Stop TRUMP in Crypto Act of 2025 to “prevent the President, Vice President, Members of Congress, and their immediate families from inappropriately profiting from cryptocurrencies.”