Trump is hosting a private dinner for the top 220 buyers of his memecoin tonight—and even the crypto lobby is grumbling

When Donald Trump embraced blockchain technology during his presidential campaign, the crypto industry celebrated that they finally had an ally running for the top U.S. office. They didn’t expect to also get a competitor. 

On Thursday, the president will host a “Gala Dinner” for the top 220 holders of his $TRUMP memecoin at his golf club in Virginia—an unprecedented blend of public duties and private business dealings, especially with most of the attendees remaining pseudonymous. 

The formal dinner...