President Trump is set to host a private dinner Thursday night with the top investors in his meme coin, who spent millions of dollars to secure a spot at the exclusive event, fueling Democratic accusations of corruption.

More than 200 investors in $TRUMP will dine with the president at his golf club outside of Washington, D.C., in what Democratic lawmakers have alleged is a “pay-to-play scheme” effectively selling access to Trump.

“There is a big ‘For Sale’ sign on the White House lawn,” Sen. Jeff Merkley (D-Ore.) said at a press conference Thursday. “U.S. policy for sale.”

“Anyone who thinks those 220 people who are attending the dinner tonight who paid about $150 million for those seats just really craved to have a digital equivalent of a baseball trading card, well, you're a little off the mark,” he continued. “They absolutely want to buy influence over U.S. policy.”

Trump launched his meme coin shortly before his inauguration. Meme coins are cryptocurrencies typically based on internet trends that have no inherent value, often making them highly volatile assets.

The token almost immediately drew scrutiny, prompting concerns that it could be used to buy influence with the president.

$TRUMP even received pushback from within the crypto industry, as some worried it could derail the president’s efforts to pass long-sought digital asset legislation.

However, the announcement of the dinner last month, which urged investors to load up on $TRUMP to secure one of 220 spots at the “intimate private dinner,” has sparked a new level of backlash.

“Donald Trump's dinner is an orgy of corruption,” Sen. Elizabeth Warren (D-Mass.) said Thursday. “That's........

© The Hill