U.S. House Speaker Mike Johnson has dispelled corruption concerns surrounding President Donald Trump’s dinner for his top Memecoin holders, avoiding whether the list of attendees should be released for transparency.
Johnson told CNN’s JacTapper on May 25 that he had no idea about Trump’s May 22 Memocoin dinner and chose not to share his views on the event that 35 House Democrats asked the Justice Department to investigate.
“We don’t know who was there. The list is not public. We don’t know how much money came from overseas,” Tupper told Johnson. “It’s really hard to imagine that if this is a Democratic president doing the exact same thing, you wouldn’t be furious.”
“Look, I don’t know anything about dinner,” Johnson replied, focusing on passing on a $1.6 trillion federal budget funding bill, claiming “I’ve been a little busy this week.”
“I’m not going to comment on anything I’ve never heard of. I don’t know who was there or what the purpose is.”
Johnson later insisted that Trump was the “most transparent president” in history and “nothing to hide.”
Democrats are asking to release a list of attendees at Trump’s crypto dinner event because they suspect Trump is accepting foreign investment in violation of federal bribery laws or the foreign emoluments clause of the constitution.
Under the emoluments clause, the US president is prohibited from accepting foreign gifts without Congressional approval.
On May 7, Bloomberg reported that most of the participants at the Memocoin dinner were probably foreigners.
Trump invited people who were among the biggest holders of Trump (Trump) Memecoin’s top 220 top holders to his event at Trump National Golf Club in Virginia.
The most notable attendee was China-born Tron CEO Justin San, the largest owner of Trump Token and the biggest backer of Trump’s crypto platform World Liberty Financial.
Sheldon Xia, CEO of Cayman Islands-based Crypto Exchange Bitmart, posted a photo of X at the event, but Australian Crypto entrepreneur Kain Warwick told the New York Times on May 12 that he would attend the event after swallowing enough Trump to break into the top 25 investors on the leaderboard.
At another press conference on May 22, several Democrats called for the release of Trump’s Memocoin dinner list.
One of the speakers was Sen. Elizabeth Warren, a fierce code critic who called Trump’s Memocoin dinner a “corruption orgy.”
Democrats are asking Trump to completely cut cryptography bonds
Several House Democrats led by Maxine Waters introduced the “Crypto-in-Crypto Act” on May 22 to prevent Trump and his family from profiting from crypto while in office.
Trump is using “to shamelessly promote the power of the president and promote profits” from a series of crypto ventures, Waters said in a statement.
Related: Senators plan to amend the Genius Act to address the Trump family’s stupidity
Waters pointed to Trump’s memo coin, but she claimed that Trump’s net worth has increased by more than $350 million, pointing to her involvement in the world’s Liberty Financial and platform stubcoin, USD1.
An additional 14 US lawmakers supported the bill, including Nydia Velázquez, Brad Sherman and Gregory Meeks.
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