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Trump’s Meme Coin Dinner Draws Protests Calling For End to ‘Crypto Corruption’

by admin May 23, 2025



In brief

  • Protesters carried signs like “Grift Gala” and “America is not for sale” as Trump dined with $TRUMP token holders.
  • The protest event was organized by Americans for Tax Fairness, Public Citizen, and Our Revolution.
  • Ahead of the dinner, democrats introduced a bill banning presidents from crypto ownership while serving their terms.

More than a hundred protestors gathered Thursday outside Trump National Golf Club in Sterling, Virginia, as President Donald Trump hosted a controversial private dinner for top holders of his meme cryptocurrency, $TRUMP.

Demonstrators waved placards reading “Stop Crypto Corruption” and chanted “Shame!” as the president arrived.

One group hoisted a giant golden coin bearing Trump’s scowling face, drawing attention to what they labeled a “Grift Gala”.

The protest was coordinated by advocacy groups, including Americans for Tax Fairness, Public Citizen, and Our Revolution, which denounced the event as political influence for sale.

“Trump is openly selling influence through his meme coins while selling out Medicaid to pay for tax cuts for his rich donors. It’s beyond corrupt,” said Our Revolution in a statement on X.

The White House press office has been contacted for comment.

The backlash adds to mounting scrutiny over Trump’s embrace of digital assets, which critics say blurs ethical lines between public office and personal gain. 

The dinner was held for the top 220 investors in the $TRUMP token, a meme coin launched by the president in January. According to organizers, the top 25 holders will also attend a cocktail reception Friday evening.

The complete guest list has not been disclosed. Confirmed attendees include crypto mogul Justin Sun, who was previously under U.S. investigation for his crypto dealings. 

Lamar Odom, the former NBA star and ex-husband of Khloé Kardashian, was also spotted entering the event.

Press access to the event was denied, and White House officials declined to release the attendee list as the president is “attending it in his personal time.”

As Trump and his family’s crypto ventures mount, legislators are seeking to temper his ability to profit from crypto hype he is in part driving himself. 

Ahead of the gala, Rep. Maxine Waters (D-CA) introduced the “Stop TRUMP in Crypto Act of 2025,” barring sitting presidents and close relatives from owning or profiting from cryptocurrencies.

“Enough is enough,” Waters previously said in a statement shared with Decrypt. “Congress can no longer ignore the biggest scam and abuse of power in American history.”

Criticism has also emerged from within the crypto community. Some developers and investors warned that Trump’s direct entanglement in meme coins damages legitimacy and invites regulatory blowback.

Edited by Sebastian Sinclair

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May 23, 2025 0 comments
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Google Beam
Gaming Gear

The Most Lifelike 3D Video Calling That Didn’t Totally Blow Me Away

by admin May 22, 2025


After Android XR smart glasses, I was most excited to try out Google Beam, a shrunken and commercialized version of Project Starline 3D video calling booth that Google has been plugging away at over the past couple of years. Seemingly everyone who has tried Project Starline has told me how mind-blowing it is to video call with someone inside of what’s essentially a glasses-free 3D TV, and feel like they’re really sitting in front of them. I finally got the opportunity to try the technology at Google I/O 2025—it’s impressive, but it’s far from some perfect replication of the person you’re talking with.

Let me just repeat myself so there’s no confusion: that Google can replicate a person from a bunch of 2D videos that are then stitched together into 3D using a custom AI neural network is nothing short of wizardry. The 3D person inside of the screen really feels as if they’re sitting across the table. In my demo, which was actually using the older Project Starline setup and not the more compact one HP is making, a friendly guy named Jerome, who said he was being streamed from Seattle, Wash. to my screen in Mountain View, Calif., reached out to hand me an apple that was in his hand, and I instinctively tried to grab it. A few beats later, when he told me the demo was over, we high-fived—I, again, did it without much thought. All the while, during our 1-2 minute convo, we made eye contact, smiled, and laughed, as if we were together IRL. It was all very… normal.

Ridiculously short as my demo was, the limitations of the current version of 3D video calling technology were immediately obvious as soon as I sat down in front of the TV “booth.” When Jerome appeared on the screen, I could see that the 3D render of him was jittering very slightly. The entire time, I could see the slightly horizontal jitters as he moved around. The closest thing I can compare it to is like slightly jittery TV scanlines—but it was something that I noticed right away and became fixated on.

Another limitation is the camera tracking and viewing angle—it only really works looking at it dead center. Whenever I shifted my chair to the left or right, Jerome’s picture darkened and became distorted. Even with an 8K resolution, the light field display still looked grainy. I also noticed that if you try to “look around” the other person’s body, there’s nothing there. It’s just… empty particle-like space. That makes sense because Beam/Starline’s cameras are only capturing the front and parts of a person’s sides, not back angles. If you’ve ever seen the back of a person’s portrait mode photo (see below), you’ll know there’s just no captured data back there.

This is too cool: iPhone Portrait mode…exploded into depth layers pic.twitter.com/oA8FicilWG

— Ray Wong (@raywongy) November 22, 2018

I’m also suspicious as hell about how well Beam works in less-than-optimal lighting. The room I was in had nicely diffused lighting. I suspect that the image quality might be greatly degraded with dimmer lighting. There would probably be some real noticeable image noise.

I should also note that my chat with Jerome was actually my second demo. My first demo was with a guy named Ryan. The experience was equally as brief, but Starline crashed and his image froze, and I had to be transferred to Jerome. Prototypes! Sure, Zoom calls can freeze up too, but you know what doesn’t freeze up? Real-life conversations in person.

Because these units were Project Starline ones—the cameras and speaker modules were attached to the sides of the screen instead of built into them—there’s no way to know whether Google Beam is a more polished product or not.

I really expected to have my mind blown like everyone else, but because it felt so natural, the whole experience didn’t quite make me freak out. And I’m known for freaking out when some new technology seems amazing. Maybe that’s a blessing in disguise—there’s no shock factor (not for me, at least), which means the Beam/Starline technology has done its job (mostly) getting out of the way to allow for genuine communication.





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May 22, 2025 0 comments
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NFT Gaming

Binance Seeks Dismissal of FTX’s $1.76B Clawback Suit, Calling It ‘Legally Deficient’

by admin May 20, 2025



In brief

  • Binance has asked a Delaware bankruptcy judge to dismiss FTX’s $1.76B clawback lawsuit, calling it legally flawed and unsupported by facts.
  • The exchange contends that FTX’s downfall was the result of massive fraud orchestrated by its own leadership, not Binance’s actions.
  • Binance also says the court lacks jurisdiction over its foreign entities and that its 2022 tweets were neither false nor misleading.

Binance has asked a Delaware bankruptcy judge to toss out a $1.76 billion lawsuit brought by the FTX estate, saying that the defunct crypto platform is attempting to “shift the blame” for its collapse away from founder Sam Bankman-Fried and onto his competitors.

Binance Holdings Ltd. said the complaint is “legally deficient” and cannot plausibly link Binance or its former CEO Changpeng Zhao to FTX’s downfall, in a motion to dismiss filed last Friday.

“Plaintiffs are pretending that FTX did not collapse as the result of one of the most massive corporate frauds in history,” the filing said, noting that former CEO Sam Bankman-Fried is now serving a 25-year prison sentence for defrauding customers, investors, and lenders.

The lawsuit, filed last November, seeks to claw back roughly $1.76 billion worth of crypto that FTX transferred to Binance in July 2021 as part of a share repurchase agreement. 

FTX had previously sold Binance a 20% equity stake in 2019, which it later bought back using a mix of BNB, BUSD, and FTT tokens.

The FTX estate claims the exchange was insolvent at the time of the 2021 deal, and that misappropriated customer funds secretly financed the repurchase. 

But Binance argues in the motion that FTX “remained a going concern for 16 months” afterward, making any claim of prior insolvency implausible.

The lawsuit also alleged that Zhao “maliciously” used Twitter to trigger a wave of customer withdrawals, posting on November 6, 2022, that Binance would liquidate its FTT holdings “due to recent revelations.” 

“The November 2022 tweets were posted in the days following a bombshell report by CoinDesk that blew the lid off of FTX’s facade, and the complaint contains no facts to suggest that the tweets were false,” Binance wrote, defending the tweets.

The exchange also said the case should be dismissed for lack of personal jurisdiction, saying that none of the corporate defendants are based in the U.S. and did not directly engage in the transfers.

The FTX recovery trust has filed numerous clawback suits to recover assets following the platform’s collapse, which triggered one of the largest crypto bankruptcies in history and left billions in customer funds missing.

Decrypt will update the story if Binance responds to a request for comment.

Edited by Sebastian Sinclair

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May 20, 2025 0 comments
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