Trump Token Soars Amid Memecoin Dinner Backlash 🚀

The media buzz over President Donald Trump's dinner with the top holders of his TRUMP memecoin has sent the token soaring. Ahead of the event, the token's value jumped 10%, reaching $15.45. This spike comes amidst criticism about whether Trump crossed ethical lines by hosting the dinner for token holders. Trump's camp maintains that the event is a private affair and not connected to the presidency. Still, curiosity swirls about the attendees, as many top holders are reportedly not U.S. citizens. Attendees include known crypto figures like Justin Sun, Vincent Liu, and Sheldon Zia, who have expressed their excitement. Critics, including Democratic lawmakers, have lashed out at Trump for his involvement in crypto. A new Democratic bill seeks to regulate digital asset holdings by public figures, though its success seems unlikely under Republican control of Congress. In related news, Trump's DeFi interests and partnerships with companies like World Liberty Financial continue to draw attention, potentially complicating perceptions of crypto. Observers, such as Anthony Scaramucci, express concern over the possible negative implications for the industry.