The Watchdogs Are Barking Themselves Hoarse

Last May, President Trump held an “intimate” dinner at his members-only golf club in Virginia for the top-220 investors in $TRUMP, a meme coin he launched days before the start of his second term that, by the end of 2025, would generate $636 million for him. About 100 protesters gathered outside in rain jackets, baseball caps, and muddy sneakers to confront the dinner guests arriving in shiny dress shoes, tuxedos, and black Cadillac SUVs. They pointed to the dinner as the encapsulation of the troublesome grift of Trump’s second term: trading personal access to the president in exchange for cash and funneling money to a Trump-owned property. “This is like the Mount Everest of corruption,” Senator Jeff Merkley of Oregon, a Democrat, said that night, standing before a crowd spotted with signs reading GRIFTER IN CHIEF and DON THE CON.