https://www.cnbc.com/2025/05/22/top-trump-holders-head-to-exclusive-crypto-dinner-with-president.htmlBold added:
"The $TRUMP coin, which has no attached asset or underlying value, was launched just ahead of the president’s inauguration in January and has drawn heavy scrutiny from Democratic lawmakers who say President Trump is profiting from his position of power. The dinner was announced last month and promised to reward the top 220 token owners with “the most exclusive invitation in the world.”
The top 25 finishers were also told they would get a private reception with the president, as well as a “special VIP tour.”
The Trump family has reaped enormous financial benefit. Roughly 75% of proceeds from World Liberty Financial and more than 80% of profits from the meme coin
have gone directly to the Trump Organization and affiliated entities. The project has also generated hundreds of millions of dollars in trading fees."
Comments
I do wonder: If he were to suddenly start losing money in the coinage business, would he retaliate using the tariff business with insider trading to make up the loss?
Zach Everson of Forbes noted that the Trump family controls about 60% of World Liberty Financial, a decentralized financial platform that produces the USD1 stablecoin, a kind of cryptocurrency that fluctuates less than most cryptocurrencies because it’s pegged to the dollar. World Liberty Financial’s USD1 stablecoin began trading yesterday on KuCoin, an exchange headquartered in the Seychelles and banned in the United States after it admitted to violating laws against money laundering and agreed to pay a $300 million fine. A spokesperson for KuCoin told Everson that it had reached out about carrying USD1 after the coin “demonstrated strong demand in certain regions.”
The racism and the corruption are coming together tonight as the top 220 holders of the $TRUMP coin join the president at a private dinner. A Bloomberg analysis of the top 25 wallets shows that 19 are owned by individuals from outside the United States, and many of the winners are companies looking for access to the president. Many of them dumped their $TRUMP coins as soon as they made the cut for the dinner.
Citizens for Responsibility and Ethics in Washington reported today that 50 of the people attending Trump's dinner tonight hold crypto assets with names from the alt-right, including Pepe the Frog and swastikas, or that have names that are racist or antisemitic, including the n-word and “F*CK THE JEWS.”
of his personal cryptocurrency business, sparking bipartisan concerns that he's selling access
to the presidency for personal profit. Geoff Bennett discussed the event with Eric Lipton,
who covers the intersection of the presidency and Trump’s business interests for The New York Times."
https://www.pbs.org/newshour/show/private-event-with-crypto-customers-fuels-accusations-of-trump-profiting-off-presidency
He did not spend very much time at the event, either."The most exclusive invitation in the world." I'd rather get my prostate checked.
https://www.cnbc.com/2025/05/23/trump-meme-coin-dinner.html
Many sycophants have exploited this innate weakness.
I urge all Americans to vigorously resist his autocratic policies/actions!