May 26, 2025

McCormick Monday

Another in an ongoing series.

Dear Senator;

I am a resident of Pennsylvania and a constituent of yours and I'd like you to answer a question or two.

I want to ask about the May 22, 2025 dinner hosted by President Trump at his golf club in Virginia.

The New York Times reported that:

President Trump gathered Thursday evening at his Virginia golf club with the highest-paying customers of his personal cryptocurrency, promising that he would promote the crypto industry from the White House as protesters outside condemned the event as a historic corruption of the presidency.

The gala dinner held at the Trump National Golf Club in suburban Washington, where Mr. Trump flew from the White House on a military helicopter, turned into an extraordinary spectacle as hundreds of guests arrived, many having flown to the United States from overseas.

The Times continues:

It was a spectacle that could only have happened in the era of Donald J. Trump. Several of the dinner guests, in interviews with The New York Times, said that they attended the event with the explicit intent of influencing Mr. Trump and U.S. financial regulations.

Then:

Mr. Trump and his business partners organized the dinner to promote sales of his $TRUMP cryptocurrency, a memecoin launched just days before Mr. Trump’s inauguration. A memecoin is a type of digital currency tied to an online joke or mascot; it typically has no function beyond speculation. But Mr. Trump’s coins have become a vehicle for investors, including many foreigners, to funnel money to his family.

As regards to how much money, let me add that Reuters reported:

A company controlled by the Trump family and a second firm together hold 80% of the remaining supply of $TRUMP coins, and have so far earned $320.19 million in fees, including at least $1.35 million after the dinner announcement, according to blockchain analytics firm Chainalysis. [Emphasis added]

So foreign investors could funnel money to the Trump family in order to gain access to him in order to influence U.S. financial regulations. Got it. Certainly looks like they were.

He also spoke from behind a podium bearing the Presidential Seal use of which is very carefully defined by18 U.S. Code § 713.

Here's my question, Senator: How are you OK with any of this? 

If so, please explain to your constituents why you're fine with this.

If not, please let your constituents know by speaking out against it.

I'll await your answer, Senator. 

As always, I'll be posting whatever the Senator sends back