Secret Service claims no records of Trump memecoin gala

Trump collects a portion of trading fees every time the token is purchased or sold, establishing a direct avenue for virtually anyone to line his pockets in a bid for access or favor. While some investors have taken massive losses, the token’s plummeting value hardly matters to its founders, who stand to profit from spikes in trading volume regardless of price. By offering invites to the top holders of the memecoin, he is, essentially, selling access to the presidency to the top bidder.

CREW requested records from the Secret Service relating to how they recorded and tracked attendees at the event, if and how background checks were performed by the Secret Service, criteria used for screening guests and all communication between the Secret Service and others requesting the USSS deviate from their standard procedures of presidential security.

While the Secret Service could have withheld its records for any number of reasons, not the least being national security, it did not. A denial is not a withholding. In saying that it searched and there were no responsive records found, the most logical conclusion is that the Secret Service does in fact have no records of vetting or tracking anyone who bought access to Trump, because they did no vetting or tracking of anyone who bought access to Trump. The lack of vetting at Mar-a-Lago was a security risk that plagued Trump’s first administration.

While it’s possible that the Secret Service found a way to classify their records as White House records and not Secret Service records—despite the fact that it was a private event, performed a thousand miles away from the White House—given the agency’s previous statement in court documents that they were not generally tracking Mar-a-Lago guests, it looks like Trump found a way to sell access to himself, and keep it off the books while doing so.

The first event for $TRUMP holders took place in May 2025 at Trump’s Virginia golf club, prompting widespread alarm over profiteering and ethics concerns, not limited to the amount of money the president was apparently taking from foreign nationals. CREW’s request for records from this event is still being processed, which means that due to the nature of cryptocurrency transactions, the invitees, many of whom spent thousands to attend the 2025 event, have remained largely anonymous.

The cost of buying access to a sitting president appears to have dropped since the 2025 event. Publicly available data indicates that the total spent on the token by invitees to the 2026 event was surprisingly low when compared to the first event just one year prior. While the precise amount that Trump has brought in from the memecoin in 2026 is unclear, his financial disclosures indicate that he earned more than $635 million through a licensing agreement with an entity called Celebration Coins in 2025, which is believed to reflect income from the $TRUMP token. Americans will have to wait until next year to learn if memecoin sales pushed his net worth by ten figures.

Earlier this month the $TRUMP Coin Club announced another gala dinner to be held at Trump’s Virginia golf course a couple weeks after the election for the top 185 holders of the Trump coin. The top 29 holders will be invited to a private reception with Trump. All will be given a complimentary Trump fragrance.

Aside from the blatant corruption at the heart of these events, the memecoin galas have raised additional concerns related to foreign influence over matters of U.S. policy and potential violations of the Emoluments Clause of the Constitution.