BlockBeats News, May 6th, according to TheBlock, Trump has scheduled two cryptocurrency-themed dinners this month — one aimed at wealthy political donors and the other targeting "Meme Coin" millionaires. The first event, hosted by MAGA Inc., the "Cryptocurrency and Artificial Intelligence Innovators Dinner," is set to take place on Monday, with a fundraising goal of $1.5 million per person. The second dinner will be held on May 22nd, offering participants the opportunity to engage with Trump's inner circle by holding TRUMP tokens. This has raised questions from senators Elizabeth Warren and Adam Schiff about the intersection of the Trump family's cryptocurrency interests and U.S. national policy.

The controversy revolves around the TRUMP Coin holder dinner on May 22nd, which has been accused of "exchanging the President's special reception authority for commercial investment," while the newly added MAGA Cryptocurrency Fundraising Dinner starts at $1.5 million per seat, setting a record for political fundraising prices. The Trump family's cryptocurrency interest chain has also sparked controversy, with the family and its controlled entities holding 80% of the TRUMP token supply. According to Chainalysis data, the TRUMP token has generated $325 million in transaction fees for insiders. Trump recently denied during a recent NBC interview: "The token price is meaningless, and I did not profit from it."

Democrats have been applying pressure recently, calling for an investigation into the UAE's investment in the Trump family through a USD1 stablecoin, with the timing of the two dinners coinciding with crucial debates on stablecoin legislation and market structure, intensifying the politicization of the cryptocurrency regulatory process.