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Who attended Trump’s controversial memecoin dinner?

The top 220 holders of US President Donald Trump’s memecoin met yesterday at the president’s golf course in Virginia for an exclusive dinner and purported meet-and-greet.

Attendees spent a grand total of $148 million for an “ultra-exclusive VIP reception with the president,” which crypto industry advocates and critics alike saw as a potential opportunity to discuss crypto policy with the president. 

The crowd contained a number of foreign crypto executives and influencers who otherwise would not have access to the US president, raising questions around corruption and foreign influence. 

Concerns were further augmented when White House Press Secretary Karoline Leavitt declined to release a list of attendees, stating that the event was a private affair outside of Trump’s presidential duties.

However, some attendees spoke to the press or took to social media to talk about the dinner. Here are just a few:

Justin Sun

Tron founder Justin Sun was the largest TRUMP tokenholder at the gala, which was reportedly enough to earn him a special watch, presented in a special ceremony. 

Who attended Trump’s controversial memecoin dinner?
Sun was awarded a watch in a ceremony at the event. Source: Justin Sun

Sun’s presence at the event was particularly controversial. Last year, he faced a lawsuit brought by the US Securities and Exchange Commission over the alleged “orchestration of the unregistered offer and sale, manipulative trading, and unlawful touting of crypto asset securities.”

The SEC asked for a reprieve in late February, just over a month since Trump’s inauguration and the subsequent 180 in federal agencies’ approach toward regulating crypto. 

Outside the crypto dinner, Sun posted on May 21 that he would be spending a week in Washington, DC to have “meaningful conversations that will help shape the next chapter of blockchain’s future” in the United States.

Kain Warwick

Kain Warwick, founder of crypto exchange operator iFinex, told The New York Times on May 12 that he was attending the event after stocking up on enough TRUMP to break the top 25 investors on the leaderboard. 

Warwick said he wanted to have a shot at meeting the president, or someone on his team, to talk crypto — specifically decentralized finance (DeFi), which is getting less attention in the current crop of crypto bills circulating the US Congress.

“If you assume Trump and 10 people within the Trump team are there, now you’ve got a one in 15 shot of having a conversation with one of them,” he said.

Vincent Liu

Vincent Liu, chief investment officer of crypto trading, VC and market-making firm Kronos Research, attended the event, posting pictures of the menu and Trump’s brief speech.

Who attended Trump’s controversial memecoin dinner?
A photo of the menu at Donald Trump’s memecoin dinner. Source: Vincent Liu

Liu wrote, “Simply by holding the Trump token, individuals have an unprecedented opportunity to meet the President of the United States.” 

He had previously told Cointelegraph, “The decision to acquire the [TRUMP] token was not political. It was based on identifying early momentum, cultural relevance and potential market catalysts.”

Related: US lawmaker introduces anti-corruption bill ahead of Trump’s dinner

His firm stated that “alpha” — i.e., exclusive or difficult-to-obtain information that could move markets — was “on the menu.” 

Lamar Odom

Also in attendance was two-time National Basketball Association champion Lamar Odom. While many other crypto entrepreneurs in the audience were focused on policy, Odom used news of his attendance to plug his own memecoin, ODOM.

Who attended Trump’s controversial memecoin dinner?
Lamar Odom writing an X post while attending Trump’s memecoin dinner. Source: Lamar Odom

Odom launched his memecoin less than a week before the dinner on May 14. The anti-addiction-themed memecoin (Odom had a public battle with substance addiction) is issued on the Solana blockchain.

The coin itself had a 20% “Trump Dinner Program” staking scheme, where TRUMP holders could stake their coins with Odom’s project, ostensibly to enable him to attend the dinner event, and receive ODOM airdrops in return. Odom himself will hold 5% of all ODOM.

Sangrok Oh

CEO of Seoul- and Tokyo-based cryptocurrency management firm Hyperithm, Sangrok Oh was the 13th-largest TRUMP holder with a wallet containing over $3 million worth of the token, according to the Straits Times. 

Oh told The New York Times that he had arrived with a batch of red “Make Crypto Great Again” hats to give away at the dinner and expected to speak directly with the president. “It’s kind of a fund-raiser […] And he’ll always be good to his sponsors.”

Oh has been critical of the slow regulatory progress for crypto in the countries where his company operates. 

Anonymous attendees

In addition to crypto execs and sports stars, the event also noted a few anonymous or pseudonymous crypto traders and entrepreneurs in attendance. 

Among them was “Ice,” co-founder of the Singaporean crypto company MemeCore. Their company’s chief business development officer, Cherry Hsu, told Sherwood News that Trump’s rise “represents the power of memes to influence culture, perception, and movements — principles that align with MemeCore’s vision of a decentralized, community-driven future.”

“Ogle,” a cybersecurity adviser to Trump’s own World Liberty Financial crypto enterprise, as well as the pseudonymous co-founder of blockchain ecosystem Glue, also attended. Ogle said they were going out of curiosity, more than anything, and did not endorse Trump personally. “I’m hoping it’ll be fun — and hoping they’ll serve McDonald’s.”

Another anonymous attendee was “Cryptoo Bear,” a crypto trader and occasional news reporter who posts primarily in Japanese. Cryptoo Bear made no political statements about the event, mainly posting about the swag and the food. They did say they were promised a photo op with the president, but it didn’t pan out. 

Who attended Trump’s controversial memecoin dinner?
Source: Cryptoo Bear

Dinner “guests” across the picket line

Outside the country club, US senators and former staffers attended the event as part of a protest.

Bloomberg reported that protestors shouted “Shame!” and “I hope you choke on your dinner!” at attendees. Critics of the event widely consider it to be a glaring example of corruption in Washington and within the Trump administration. 

Senator Jeff Merkley, a Democrat from Oregon, joined the protest. “The spirit of the Constitution was that no one elected would be selling influence to anyone,” he said, “because it’s to be government by and for the people.”

Ken Papaj, a former Treasury Department official, said, “Every time there’s a transaction, he gets a transaction fee? Just unconscionable what he’s doing.”

The dinner comes at a pivotal time for the crypto industry in the US, where the industry is pushing hard for Congress to pass friendly regulations. Trump’s ties may complicate matters, however, as lawmakers have introduced anti-corruption bills targeting crypto and politicians.

Senate Democrats are also taking aim at the stablecoin-focused GENIUS Act, introducing a slew of amendments addressing Trump’s crypto businesses. 

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UK weighs if China fraud scheme victims get current value of seized 61K Bitcoin

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UK weighs if China fraud scheme victims get current value of seized 61K Bitcoin

UK weighs if China fraud scheme victims get current value of seized 61K Bitcoin

UK officials are weighing whether to keep about $6.4 billion in gains from Bitcoin seized in a 2018 Chinese fraud case, instead of passing it on to victims.

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Baroness Mone should resign from Lords, after order to pay back £122m over COVID PPE

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Baroness Mone should resign from Lords, after order to pay back £122m over COVID PPE

Michelle Mone should resign from the House of Lords, a senior Conservative MP has told Sky News.

Speaking to Sky News, shadow energy secretary Claire Coutinho said Baroness Mone of Mayfair should do the “honourable thing” and “resign” as a member of the House of Lords.

Yesterday the Mone-linked firm PPE Medpro was ordered to pay close to £122m of taxpayer cash back to the government after it was found to have breached a contract for supplying PPE during the COVID pandemic.

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The Department of Health and Social Care (DHSC) brought the case, saying it provided 25 million “faulty”, non-sterile gowns.

Baroness Mone was a Tory peer, although she currently has the whip suspended, meaning she isn’t a member of the official grouping in the chamber.

Speaking to Wilf Frost, Ms Coutinho said: “We’ve taken away the Conservative whip, she’s no longer a Conservative peer.

More on Covid

“And I think the honourable thing to do, particularly in light of this, would be to resign.”

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Coutinho says Mone should resign

Removing a peerage from someone requires an act of parliament, although members of the House of Lords can be permanently excluded by a vote in the upper chamber if an investigation finds they have committed wrongdoing.

Currently, the parliamentary investigations into Baroness Mone are paused while other inquiries – including from the National Crime Agency – play out.

In her interview with Sky News, Ms Coutinho emphasised that it was the last Conservative government that started the lawsuit against PPE Medpro.

She defended the procurement methods employed by the government during the pandemic – saying it was an “incredibly frantic environment”.

Taking decisions quickly also led to successes like the vaccine rollout, Ms Coutinho added.

But she said the public was “rightly disgusted” by some of the outcomes including people who “didn’t live up to their promises and pocketed huge amounts of money”.

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£122m bill that may never be paid

Read more:
Can PPE Medpro afford the bill?
Mone accuses government of ‘scapegoating’

PPE was a consortium led by Baroness Mone’s husband, businessman Doug Barrowman, and was awarded the government contract after she recommended it to ministers.

The legal hearing between the business and the government was centred on the 25 million surgical gowns PPE Medpro sold to the NHS for £122m, rather than the way the contract was awarded.

The judge found the gowns were not sterile and deemed this a breach of contract.

Baroness Mone was given a peerage by Lord David Cameron when he was prime minster, having worked as an entrepreneur running a lingerie firm.

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Mr Barrowman incorporated PPE Medpro on the same day in May 2020 that Baroness Mone began using her political contacts – including to Tory minister Michael Gove – to bring the firm to the government’s attention.

The day before the judgement was handed down this week, PPE Medpro was put into administration, meaning recovery will be handled by the administrator, not Mr Barrowman.

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Finances feeling tight? New figures on disposable income help explain why

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'A disaster for living standards': We now have just £1 more of disposable income than in 2019

Monthly disposable income fell by £40 per person between Boris Johnson’s election victory in December 2019 and Rishi Sunak’s defeat in July 2024.

It is the first time in recorded British history that disposable income has been lower at the end of a parliamentary term than it was at the start, Sky News Data x Forensics analysis reveals.

Disposable income is the money people have left over after paying taxes and receiving benefits (including pensions). Essential expenses like rent or mortgage payments, council tax, food and energy bills all need to be paid from disposable income.

Previously published figures showed a slight improvement between December 2019 and June 2024, but those were updated by the Office for National Statistics on Tuesday.

There has been an uplift in the last year, although we’re poorer now than we were at the start of the year, and today we only have £1 more on average to spend or save each month than we did at the end of 2019.

That represents “an unmitigated disaster for living standards”, according to Lalitha Try, economist at independent living standards thinktank the Resolution Foundation.

Have things gotten better under Labour?

Disposable income has increased by £41 per person per month since Labour took office in July 2024. However, that masks a significant deterioration in recent months: it is lower now than it was at the start of 2025.

In the first six months of Labour’s tenure, disposable income rose by £55, a larger increase than under any other government in the same period. In part, this was down to the pay rises for public sector workers that had been agreed under the previous Conservative administration.

But the rise also represents a continuation of the trajectory from the final six months of the outgoing government. Between December 2023 and June 2024, monthly disposable income rose by £46.

That trajectory reversed in the first part of this year, and the average person now has £14 less to spend or save each month than they did at the start of 2025.

Jeremy Hunt, Conservative chancellor from October 2022 until the July 2024 election defeat, told Sky News: “The big picture is that it was the pandemic rather than actions of a government that caused it [the fall in disposable income].

“I clawed some back through (I know I would say this) hard work, and Labour tried to buy an instant boost through massive pay rises. The curious thing is why they have not fed through to the numbers.”

The £40 drop between Mr Johnson’s electoral victory in 2019 and Mr Sunak’s loss in 2024 is roughly the same as the average person spends on food and drink per week.

By comparison, since 1955, when the data dates back to, living standards have improved by an average of £115 per month between parliamentary terms.

Vital services, things like energy, food and housing, that all need to be paid for out of disposable income, have all increased in price at a faster rate than overall inflation since 2019 as well.

This means that the impact on savings and discretionary spending is likely to be more severe for most people, and especially so for lower earners who spend a larger proportion of their money on essentials.

Responding to our analysis, the Resolution Foundation’s Lalitha Try said: “Average household incomes fell marginally during the last parliament – an unmitigated disaster for living standards, as families were hit first by the pandemic and then the highest inflation in a generation.

“We desperately need a catch-up boost to household incomes in the second half of the 2020s, and to achieve that we’ll need a return to wider economic growth.”

Analysis by the Joseph Rowntree Foundation, which also takes into account housing costs, says that disposable income is projected to be £45 a month lower by September 2029 than it was when Labour took office.

We approached both Labour and the Conservative Party for comment but both failed to respond.

Read more:
Is PM making progress towards his key policies?

How are Labour performing in other areas?

Labour have made “improving living standards in all parts of the UK” one of their main “missions” to achieve during this parliament.

Sam Ray-Chaudhuri, research economist at the Institute for Fiscal Studies, told Sky News: “Labour’s mission to see an increase in living standards over the parliament remains a very unambitious one, given that (now) almost every parliament has seen a growth in disposable income.

“Doing so will represent an improvement compared with the last parliament, but it doesn’t change the fact that we are in a period of real lack of growth over the last few years.”

As well as the living standards pledge, the Sky News Data x Forensics team has been tracking some of the other key promises made by Sir Keir and his party, before and after they got into power, including both economic targets and policy goals.

Use our tracker to see how things like tax, inflation and economic growth has changed since Labour were elected.

The policy areas we have been tracking include immigration, healthcare, house-building, energy and crime. You can see Labour’s performance on each of those here.

Click here to read more information about why we picked these targets and how we’re measuring them.


The Data and Forensics team is a multi-skilled unit dedicated to providing transparent journalism from Sky News. We gather, analyse and visualise data to tell data-driven stories. We combine traditional reporting skills with advanced analysis of satellite images, social media and other open source information. Through multimedia storytelling we aim to better explain the world while also showing how our journalism is done.

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