While meme coins are often treated as jokes, with no real utility, Trump’s meme coins have become a way for wealthy individuals to gain access to Trump and funnel money to his family. So far, Trump’s coin has generated at least $320 million in fees, according to Chainalysis, a crypto analytics firm.

President Donald Trump is welcoming the top investors of his personal cryptocurrency, $TRUMP Coin, to the president’s golf club in Virginia on Thursday. It's an event some believe violates anti-corruption laws — something that even his son Eric Trump thought might mean the event couldn't happen.

President Donald Trump was attending a private dinner on Thursday night with the top investors in his meme coin in a move that Democrats and ethics experts have blasted as blatant corruption. More than 200 global investors are expected to participate in the event at his golf club billed as the “most exclusive invitation in the world.