Fight Fight Fight, the promoter behind President Donald Trump’s TRUMP memecoin, is organizing a third event where he is set to be the main speaker. Scheduled for November 22 at Trump National Golf Club near Washington, this gala is touted as “the most exclusive dinner in the world.” However, Democratic lawmakers have warned that a victory in the midterm elections could lead to increased scrutiny of his crypto businesses, including these high-profile dinners, as reported by Bloomberg.
The promotion highlights Trump as the featured speaker, along with three guests described only as “legends.” The invitations are extended to the top 185 holders on a time-weighted leaderboard, with the top 29 receiving access to a VIP reception. Additionally, the top four will be awarded an 18-karat Trump-branded gold watch. Everyone present will also receive a Trump fragrance, a commemorative poster, a trading card, and a Fight Fight Fight Trump watch.
Interestingly, the same page clarifies that there will be no private meet-and-greet with the president and that gifts are prohibited. Inquiries from Bloomberg concerning the dinner were directed to Fight Fight Fight, and the White House has consistently maintained that the president’s financial portfolio is managed independently by external financial institutions.
Trump Is ‘Helping Put Corruption on the Ballot’
Democrats might pursue investigations into the Trump family’s business dealings if they gain control over either chamber. Senator Richard Blumenthal, a Democrat from Connecticut, stated that Trump is “helping put corruption on the ballot,” claiming he appears to be more concerned with artificially boosting the value of his seemingly worthless memecoin than addressing the cost-of-living issues facing Americans. “Bidder beware,” he cautioned, suggesting that those involved in this crypto situation might soon face scrutiny for unethical—and possibly illegal—activities.
Senator Chris Coons from Delaware was more blunt about the event, declaring, “This is corruption,” in a post on Bluesky that linked to an article covering the dinner in The Washington Sun.
This alleged corruption has already hampered a bill aimed at granting greater regulatory clarity to the crypto industry. Last month, a vote on the CLARITY Act failed to progress, falling short of the 60 votes needed to move forward. Concerns regarding the president’s crypto businesses were a significant point of contention in the legislation, alongside issues related to stablecoins and developer protections.
A CoinDesk survey conducted in May indicated that 62% of registered voters lack trust in the Trump administration’s capability to manage crypto regulation, with 73% opposed to senior officials holding interests in crypto businesses. The relationship between the crypto sector and the Trump administration may now be backfiring, despite previous political achievements, particularly seen with the passage of the stablecoin-focused GENIUS Act.
Previous TRUMP Dinners
This will mark the third instance in which the token’s organizers have utilized a leaderboard to allocate seats for a dinner featuring Trump as a speaker. In May 2025, the top 220 holders were invited to a black-tie event at the same golf course, with the top 25 enjoying VIP access. Those invitees collectively spent around $148 million acquiring TRUMP tokens, and Trump spoke for roughly 20 minutes. The largest holder present, Justin Sun, founder of Tron, had about $18 million in tokens and received a Trump watch as part of the event’s perks. At that time, the Department of Commerce registered .gov domains linked to the dinner, which included thetrilliondollardinner.gov.
Sun settled a crypto-related SEC case for $10 million without admitting or denying any wrongdoing. House Democrats had previously alerted the SEC to potential pay-to-play issues concerning Sun’s holdings in WLFI and TRUMP tokens. Sun also pursued legal action against World Liberty related to frozen tokens, to which the company responded with its own defamation lawsuit.
In May 2025, Blumenthal, along with Senators Chris Murphy, Elizabeth Warren, and Jeff Merkley, and Representative Sam Liccardo, sought to know who attended the first TRUMP dinner and what they might have expected in return. Blumenthal accused Trump of “selling access” and “selling out America.” However, their request for a public list of attendees did not yield any results.
An April conference held at Mar-a-Lago also broadened the promotional effort, inviting the top 297 holders, of whom the top 29 were granted a smaller reception, featuring Mike Tyson.
The Trump Crypto Saga
The upcoming dinner is just one element of a broader trend. Elizabeth Oyer, former chief of pardons at the Justice Department, described Trump’s pardon of Binance founder Changpeng Zhao as “unprecedented” and criticized it as corruption. Notably, a firm associated with UAE National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan agreed to purchase a 49% stake in World Liberty for $500 million just days before the inauguration. This was followed by Trump allowing the transfer of advanced AI chips to the UAE, many of which were intended for Tahnoon’s company, G42. Both the White House and World Liberty have denied any link between the investment and the chip transfer, but Senator Chris Murphy labeled the stake an example of “mind-blowing corruption.”
Lee Reiners, a former New York Fed bank examiner and now a Duke University fellow, has argued that the CLARITY Act would remove securities-law protections from tokens like WLFI, which he considers an unregistered security in its current form. He expressed concerns about the SEC’s integrity and independence in investigating a crypto venture where the president and his family have financial interests.
A Trump Organization affiliate managing the token, CIC Digital LLC, reported approximately $635 million in income linked to memecoins for 2025. Trump-associated crypto ventures overall indicated a minimum of $1.2 billion in income. A separate tally from Reuters showed family crypto profits and investor losses in these projects to be about $2.3 billion each as of April.
Certainly, despite these losses, many buyers might be more interested in perceived access to the president than in any actual financial benefits from their TRUMP or WLFI holdings.
Meanwhile, crypto PACs have spent around $135 million during the 2024 election cycle seeking regulatory clarity, notably supporting Trump’s presidential bid. With the president set to host another dinner for TRUMP holders, and the CLARITY Act facing delays, largely due to ethical concerns stemming from these dinners and Trump’s cryptocurrency ventures, the crypto industry may be questioning whether Trump is truly focused on providing them with the clarity they seek or is merely seeking to continue profiting while in office.
