U.S. House Speaker Mike Johnson has remained tight-lipped amid growing demands for transparency surrounding former President Donald Trump’s private crypto dinner, which drew several major digital asset executives and investors.
Democratic lawmakers are calling for a full Department of Justice (DOJ) investigation into the event, citing potential conflicts of interest and ethical violations.
Despite pressure, Speaker Johnson avoided commenting on whether the identities of the guests should be disclosed to the public.
Inside Trump’s Controversial Crypto Dinner
The exclusive dinner, held earlier this month at Trump’s Mar-a-Lago estate, was reportedly attended by top industry figures from crypto exchanges, blockchain firms, and Web3 advocacy groups.
Attendees allegedly discussed campaign donations, pro-crypto policies, and regulatory rollbacks in case Trump is reelected in 2024.
The event has stirred political backlash, with some Democrats questioning whether Trump is offering regulatory favors in exchange for financial support from the crypto industry.
Democrats Demand DOJ Investigation
Leading Democratic lawmakers, including Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez, have urged the Department of Justice to launch a formal inquiry.
“This isn’t just about crypto — it’s about transparency, campaign ethics, and potential quid pro quo,” said Rep. Ocasio-Cortez in a statement.
Lawmakers argue that the lack of disclosure about who was present and what was promised may violate campaign finance laws and erode public trust.
Speaker Johnson Offers No Answers
When questioned during a Capitol Hill press conference, Speaker Mike Johnson declined to address whether Trump’s dinner posed ethical concerns or if attendees should be publicly named.
“I’m not going to speculate on private events or campaign matters,” Johnson said, deflecting multiple reporter inquiries.
His response has drawn criticism from transparency advocates and watchdog groups who say this lack of accountability undermines democratic norms.
Crypto’s Role in 2024 Election Heats Up
This incident underscores the increasing role of cryptocurrency policy in the 2024 presidential election. Both parties are under pressure to clarify their positions on regulation, innovation, and enforcement.
Trump has publicly vowed to support the crypto industry, calling it a “key pillar of future economic growth” if reelected.
Meanwhile, the Biden administration continues to support strict regulatory oversight through agencies like the SEC and CFTC.
What Happens Next?
As scrutiny intensifies, calls are growing for mandatory disclosure of campaign-related meetings with crypto leaders. The DOJ has not confirmed whether it will launch a probe, but experts suggest it may open a preliminary inquiry if more evidence surfaces.
The clash between crypto and politics is only beginning — and transparency may be the next battleground.