U.S. House Speaker Mike Johnson reportedly has "no idea" about corruption allegations linked to President Trump's dinner for meme coin holders.
"The fact that the Democratic Party has been investigating the matter is a major issue, and we are not aware of it," he said.
In an interview with CNN on the same day, Johnson avoided mentioning Trump's Memecoin dinner on the 22nd of last month, saying he "knew nothing about it."
It was a private event held for top holders of the tech giant's meme coin "Official Trump (TRUMP)," and the list of attendees has not been made public to date.
Jake Tapper, the interview host, said, "We don't even know who attended, or if the money came from overseas," and added, "If this were to happen,
"If that had happened under a Democratic president, wouldn't you have been upset?" Johnson responded, "Last week, we were busy passing a $1.6 trillion federal budget.
"I never heard of the dinner, I don't know who was there, what the purpose was," he said. And yet he called Trump "the most transparent president in history."
Democrats, on the other hand, have raised concerns that the dinner could be a violation of foreign investor funds, federal bribery laws and the foreign earnings clause of the U.S. Constitution.
The Foreign Income Clause prohibits a sitting president from accepting gifts or benefits from a foreign government without congressional authorization.
Bloomberg reported on May 7 that "the majority of the dinner attendees are likely to be foreign nationals." The invitation was limited to the top 220 TRUMP token holders, and the event was held on Verge.
The event took place at Trump National Golf Club in New York. The most visible attendees were Trump's largest holder, the CEO of Trump's cryptocurrency platform, World
Justin Sun, CEO of Tron, a Chinese former member of Liberty Financial, a major sponsor of the company, said in a statement.
KEI Sun, CEO of Isle of Man-based cryptocurrency exchange BitMart
Sheldon Xia posted a photo of himself at the dinner on X, and shared it with Australian former member cryptocurrency entrepreneur Kain
"We're not going to use the TRUMP tokens enough," Warwick said in an interview with The New York Times.
"I attended after purchasing it in 2017 and becoming one of the top 25 holders," he said. At a separate press conference on the 22nd, Democratic lawmakers again called for the release of the list of attendees at Trump's Memecoin dinner.
Senator Elizabeth Warren strongly criticized the dinner, calling it a "feast of corruption."
Meanwhile, Rep. Maxine Waters
On the same day, Senator Waters signed the Stop TRUMP in Cryptocurrency Act.
The bill includes a total ban on Trump and his family from profiting from cryptocurrencies while in office.
2025/05/26 17:20 KST
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