Trump to host investors in his cryptocurrency despite ethical concerns
- Donald Trump hosted a private dinner on Thursday at his Virginia golf club for 220 top investors in his $TRUMP memecoin.
- The event followed Trump's January launch of the $TRUMP memecoin and occurred amid concerns about blending presidential power with personal business interests.
- Justin Sun, a Chinese-born crypto entrepreneur currently under US investigation, is the largest investor in Trump-related crypto projects, having invested $93 million in total, including $20 million specifically in the memecoin.
- The top 25 investors received a private session with Trump and a White House tour, while critics called the gala a ‘‘blatant corruption’’ and a ‘‘back door to corruption.’'
- The event raised ethical questions about political influence via crypto investments and coincided with Senate advancement of the GENIUS Act to regulate stablecoins amid rising crypto enthusiasm.
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Crypto Investors Paid over a Billion for Gala Dinner with Trump
A gala dinner was held last night for Trump's crypto investors at the president's exclusive golf club outside Washington. The 220 invited guests flew in from China and South Korea, among others. Outside, dozens of protesters gathered to criticize "crypto corruption."
·Stockholm, Sweden
Read Full ArticleTrump hosts top crypto investors as industry leaders fear he's putting personal profits first
Despite the White House insisting Trump would be attending the event "in his personal time," he stood behind a lectern with the presidential seal as he touted the crypto industry.
·Tucson, United States
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