The fancy electronic announcement described it as “the most exclusive invitation in the world”, an opportunity to have a “private dinner” with President Trump at the Golf Club only in Virginia, followed by a tour of the White House.
A seat will be intended for each of the top 220 investors in $ Trump, a encryption that Mr Trump began on the eve of his inauguration.
In a stunning escalation of the Trump family’s efforts to benefit from Crypto, a website promoting $ Trump, the so -called president’s memecoin, announced on Wednesday that the largest currency buyers would be invited to meet him. The effort was, in fact, an offer of access to the White House in exchange for an investment in one of Mr Trump’s cryptographic companies.
“Dinner with President Trump and the $ Trump community!” said the invitation. “Let the president find out how many $ Trump coins you have in your possession!”
For months, Mr Trump’s invasions at Crypto have created moral conflicts with little precedent in presidential history. As digital coins to the public, Mr Trump has also appointed regulators that escalate the enforcement of encryption and have requested legislation that will enhance industry prospects in the United States.
As the news of the dinner invitation spread to the social media, the price of Memecoin increased more than 60 percent, suggesting that investors rushed to gather enough coins to qualify for a dinner seat.
“This is truly incredible,” said Corey Frayer, who oversees the Cryptic Crypture Policy for the Capital Market Commission during Biden’s administration. “They make the Pay-to-Play Agreement.”
A business entity associated with Mr Trump holds a large dose of coins, which means that the president personally won each time the price increases, at least on paper. Mr Trump and his business partners also collect fees when the coins are negotiating, an unexpected one of about $ 100 million in weeks after the currency of his debut in January.
Victoria Haneman, a professor of law at Creighton University, said the offer expressed concerns about the ways in which Mr Trump and his “May Maneuver businesses to benefit from the presidency”.
At the beginning of this year, the sec issued official guidance by saying that the memecoins, a type of encryption based on an online joke or celebrity mascot, will not be supervised by the organization. Skeptic encryption criticized politics as a dangerous move that could open the door to ruthless fraud by Memecoin promoters.
As President, Mr Trump has widespread immunity from laws governing conflicts of interest, a gap he has pointed out in the past. Representatives for the White House did not immediately respond to requests for comments. Mr Trump’s son, Eric, who helps to organize Trump, sponsor of the $ Trump coin, refused to comment.
As soon as a skeptic encryption, Mr Trump embraced the digital coins on the campaign trail last year, as encryption companies threw tens of millions of dollars in the 2024 elections.
In the fall, Mr Trump and his sons, Donald Jr., Eric and Barron, said they were starting a company, World Liberty Financial, who offered a digital currency called WLFI. So far, $ 550 million from these coins have been sold, according to the company.
Shortly thereafter, Mr Trump Media & Technology Group’s social media has moved to offer cryptographic financial products to amateur investors and announced a partnership with Crypto.com, a digital trading platform.
But Mr Trump’s Memecoin business has created the biggest attention.
Just three days before the inauguration, Mr Trump published Truth Social, the social media website that he was selling the currency. Sales of $ Trump immediately increased, making the chairman-elected billionaire on paper.
Mimitines tend to rise and fall quickly and the price of $ Trump will soon be held. Traders who had accumulated the currency suffered more than $ 2 billion in cumulative losses.
The announcement for dinner appeared calculated to ignite more interest in coins.
When $ Trump was released in January, a great performance of the coins was available to project supporters. However, the rules incorporated into the offer prevented those involved from selling any of the coins until last week, increasing fears that they would try to unload their entries and cause $ Trump to fall.
Instead, the price gradually went up in the days before the invitation was released and then increased as the announcement became alive.
On the Memecoin website, $ Trump’s supporters created a leaderboard from the biggest currency investors – essentially an online game that allows buyers to watch their place in the rankings. The dinner invitations would go to the “Top 220 Medical Owners Trump” between April 23 and May 12, the site said. The top 25 buyers will gain access to a reception with Mr Trump before dinner and a White House Vip Tour. (At present, the 25th investor in the chart holds about 4,000 coins worth about $ 54,000.)
“The more the $ Trump you keep – and the longer you keep it – the higher your classification,” the site said.
The dinner with Mr Trump is scheduled to take place on May 22 at the Trump National Golf Club, the site said, calling it “most exclusively in the invitation of a lifetime”.
