Donald Trump is hosting two crypto-themed dinners in May, raising ethical concerns among lawmakers. A$1.5 million-per-plate 'Crypto & AI Innovators Dinner' was held at his Virginia golf club, featuring guests such as David Sacks.

He also confirmed a 22 May gala for top holders of the$TRUMP meme coin. The top 220 wallets qualify, with the highest 25 promised a private reception and a White House tour. Access is based solely on wallet holdings, most of which are pseudonymous.

Lawmakers, including Senator Elizabeth Warren, accuse Trump of selling access. She also criticised the Trump-linked stablecoin USD1, co-founded by his son Eric, calling it a vehicle for personal gain.

Watchdogs warn that the token system lacks transparency and may involve foreign actors. Despite the backlash,$TRUMP tokens surged by over 50% after announcing the dinner.

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