Hundreds of major investors in President Donald Trump’s currency met on Thursday to have an exclusive black dinner with the president-what some critics are conducted as an event to pay for the wage that aims to enrich the strongest man in the world.
Two hundred and twenty cryptocurrencies, including many abroad, pumped tens of millions of dollars in Mimi’s currency of Trump to obtain admission at a ceremony through a competition that granted invitations to the best investors – with at least some money flowing into the Trump family treasures.
It was promoted on Coin on the Internet as the “most distinctive invitation in the world”, and it was expected that the side president of the Trump club for the golf club in northern Virginia will be issued on Thursday night that the president himself will lead.
Gala critics, including some Republican legislators and coded currency industry advocates, disappeared arrangement as an opportunity for the president and his family to use incorrectly from his position in power.
“It seems that Trump is selling access to the president through Mimi’s currency, and that this money will go directly to his pocket,” said Molly White, an engineer and an encrypt researcher who has followed Trump’s encryption projects. “[Trump] It really uses the cryptocurrency to enhance his personal wealth in ways he had not done before. “
The MEME currency was launched for TROMP – a type of digital currency that often depends on the internet mim – in January, on the eve of its inauguration, and the value of the currency immediately increased to $ 75 per code. But the currency, known as $ Trump, has suffered a calm decrease in the weeks that followed, as it came out in April about $ 7.
That is when the ceremony was announced, framed on the Internet as a “intimate special dinner” as the best investor in $ Trump was hearing the direct President Trump about the future of encryption. “
President Donald Trump talks about the golden missile defense shield at the White House Oval Office, May 20, 2025, in Washington.
Chris Kalonis/EPA-Enfe/Shutterstock
By the next day, the value of the coin is enlarged by more than 55 %. Then I moved to the fluctuation with those looking to obtain acceptance at the ceremony.
While investors were wandering around the project The leaders online220 highest more than $ 140 million for the seat on the table was spent on Thursday, according to an analysis conducted by the Nansen Data Analysis Company.
Many investors said that the opportunity to rub the shoulders with the higher leader-and in some cases, promote their work in front of the most powerful man in the world-deserves the price of acceptance.
“The co -founder of the company, known online as” ICE “, will attend the ceremony on behalf of the company after Mimicur ranked second in the competition, said Cherry Hsu, an executive official at a Singapore Elygasm Company, said that the co -founder of the company, known online as” ICE “, will attend the ceremony on behalf of the company after Mimicur ranked second in the competition. Hsu ABC News told “ICE” was keen to speak with Trump about “balance between the regulations with decentralization” in encrypted currencies, and that their main investments in MEME in Trump were directly linked to the opportunity to interact with the president.
“We want to sit next to Trump, if possible,” she said. “I think it will be interesting.”
Like “ICE”, most of the other attendees are still surrounded by mystery-their identities hidden behind three halls three or four letters connected to the coded currency governor-and they seem to be located outside the United States. It seems at least 20 of the 25 best foreign investors, according to the analysis of the non -profit research set.
Among those who are expected to attend an Australian businessman, who is enthusiastic about the New York -based encryption, and Justin Sun, a controversial Chinese encryption pole and reached profound working relations with the Trump family. In addition to his millions of dollars in investments in $ TROMP, Sun also invested $ 75 million in World Liberty Financial, another Trump -backed encryption project. One month after this investment, SEC lawyers moved under the Trump administration to stop the alleged fraud case against Sun.
On X, Sun wrote that he “supervises Potus’s support” and “excited to communicate with everyone, spoke encryption, and discuss the future of our industry” at a ceremony. Sun did not respond to inquiries from ABC News.
It is still not clear exactly how much Trump earns a Mimi currency. Data analysts indicate that the owners of the coin, which includes a limited liability company that was fully owned by Trump, has already achieved millions of dollars in transaction fees. One of the estimates using data from the analysis company in Flebside said that Trump and his partners have made about 3 million dollars in transactions.
Although the Trump family and his partners have benefited financially, most Trump investors lost $. According to CNBC reports on Blockchain Analysis Company Series data58 governors have achieved millions of their investments in Trump’s currency as of May 6 – while approximately 764,000 encryption portfolios have lost money.
Another analysis by Nansen indicates that more than 70 % of the distinguished code holders incurred losses of approximately $ 21 million since Trump announced the ceremony competition, including an unidentified investor lost $ 2.5 million.
Once Trump is skeptical of encryption, Trump has adopted in recent years a completely encrypted currency for his personal works and as part of his administration policy platform, and declared himself “the head of encryption” and launching a comprehensive reform of the position of American organization and enforcement towards digital currencies.
“The entire enforcement enforcement program has been completely demolished in the Securities Exchange Committee,” said former John Reed Stark at ABC News this week with George Stefanopoulos earlier this month. “All SEC investigations into Crypto are closed. All SEC litigations that involve a temporary cessation or stop.”
Since his administration has worked to strengthen cryptocurrencies, including the announcement of the National Currency National Reserve, Trump and his family indulged on encryption projects in recent months.
In addition to the $ Trump Meme, World Liberty Financial – the separate Crypto project launched by Trump’s older son – recently partnership in a billion dollar commercial deal with an investment company supported by Abu Dhabi state and a coding tile.
Anna Kelly, a White House spokeswoman, denied that Trump’s personal invasions were to the extent of encryption.
“The president is working to secure good deals for the American people, not for themselves,” Kelly said in a statement. “President Trump is only acting in the interest of the American public – which is why they have brought him back to an overwhelming majority in this position, despite years of false lies and accusations against him and his actions from fake media.”
Thursday’s concert is played against the background of a fight in Congress on the first major legislation to regulate certain types of cryptocurrencies, which are called a genius law. Democrats threatened weeks ago to produce legislation, partly, noting the conflict of the potential interests of the president. Some Republicans have also admitted that the Trump family intertwined in the encryption industry made the legislation “more difficult”.
“This is the anxiety that some people have. I know that he put his purposes in blind confidence,” Senator Senatea Lomes, Aroyu, told ABC News’ Jay O’Brien on Tuesday. “But their children participate in these origins, and this still gives some people a temporary stop.”
Democrats have settled more severe criticism. Senator Elizabeth Warren, Massachusetts, described Thursday’s party as “corruption in full.”
“We have no idea if they are getting something for their big investments in Donald Trump personally,” she said.
Earlier this week, Senators took a major step in the progress of the Banque Law Bill, but it still faces obstacles to passing the full Senate.
ABC News’ Allison Pecorin contributed to this report.
