Trump's two crypto dinners in May raise potential for conflicts of interest
President Trump announced a “Crypto & AI Innovation Dinner” hosted by MAGA Inc., following a previously planned gala for top $TRUMP memecoin holders. The events coincided with a 50% surge in $TRUMP trading and revelations that Trump Organization insiders control 80% of the token's supply, earning $325 million in fees since January. Trump denied any personal profit, framing crypto as a counter to China and downplaying the token's price. Legal experts are split, with some raising ethical concerns and others deeming the events legally permissible.