Nineteen out of the top 25 wallets holding the TRUMP token used foreign exchanges, according to a Bloomberg report published on May 7. These exchanges do not permit U.S.-based users. The finding suggests that several top token holders may be foreign nationals or U.S. citizens living abroad.
These top token holders qualify to apply for the Trump dinner and VIP tour scheduled for May 22. The application process requires specific TRUMP token holdings. Data also showed that more than half of the top 220 wallets—also eligible for the Trump dinner—used foreign exchanges.
The Trump memecoin project stated that applicants must pass a background check, cannot bring guests, and must not come from a Know Your Customer (KYC) watchlist country. The project has not yet disclosed the identities of those who applied for the VIP tour.
Ethics Questions Over Crypto Ties
Lawmakers have raised concerns about potential foreign influence due to Trump’s crypto ties. One unnamed senator called the Trump memecoin reward structure a case of “selling access,” claiming that the Trump dinner and VIP tour represented a direct benefit linked to token holdings.
The report did not confirm the involvement of any foreign governments. However, the presence of top token holders using foreign exchanges has sparked renewed ethics discussions around Trump’s crypto ties and potential conflicts of interest.
Two companies connected to Trump reportedly control 80% of the TRUMP token supply. The token launched on January 17, just three days before Trump returned to office. Melania Trump introduced her own token shortly afterward.
Crypto Legislation Stalled Over Trump Memecoin Case
Ongoing controversy around the Trump memecoin has slowed crypto legislation in both chambers of Congress. Democratic lawmakers have stated they will not support any new crypto bills unless Republicans address Trump’s crypto ties and the Trump dinner program.
The Senate is set to vote on a stablecoin regulation bill on May 8. Meanwhile, House Republicans recently introduced a draft focused on digital asset market structure. The Trump memecoin case remains a point of division.
Members of Congress have not confirmed if any new rules will be added to address the use of foreign exchanges by major token holders. No official comment has been released on how the Trump dinner or VIP tour may be impacted.
$20 Million Investment by Trucking Firm in TRUMP Token
A logistics company announced a $20 million investment in the TRUMP token on April 30. The firm conducts extensive operations along the U.S.–Mexico trade corridor. The company did not disclose any formal links to the Trump dinner or VIP tour.
The investment came after the Trump memecoin’s visibility increased following the Jan. 17 launch. No federal agency has yet ruled on whether such purchases fall under campaign finance or lobbying laws.
The TRUMP token continues to trade across several platforms, but no official registry of token holders has been released. The Trump dinner and VIP tour event on May 22 remains active, but eligibility still depends on TRUMP token holdings and background verification under Know Your Customer standards.