Thursday, April 24, 2025

Trump Offers Private Dinner to Investors of His Memecoin

The offer, which caused President Trump's memecoin to surge in price, was his family's latest effort to profit from cryptocurrencies. "This is really incredible," said Corey Frayer, who oversaw crypto policy for the Securities and Exchange Commission during the Biden administration. "They are making the pay-to-play deal explicit."

Posted by qcp at 05:31 PM | 10 COMMENTS | permalink

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Trump Offers a Private Dinner to Top 220 Investors of His Memecoin The offer, which caused President Trump's memecoin to surge in price, was his family's latest effort to profit from cryptocurrencies. www.nytimes.com/2025/04/23/t ...

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-- Eric Lipton NYT (@ericlipton.nytimes.com) April 23, 2025 at 3:46 PM

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More: The flashy online announcement called it "the most EXCLUSIVE INVITATION in the World," a chance to have "an intimate private dinner" with President Trump at his members-only golf club in Virginia, followed by a tour of the White House.

A seat would be reserved for each of the top 220 investors in $TRUMP, a cryptocurrency that President Trump launched on the eve of his inauguration.

In an astonishing escalation of the Trump family's efforts to profit from cryptocurrencies, a website promoting Mr. Trump's so-called memecoin announced on Wednesday that the coin's largest buyers would be invited to meet with him. The effort was, in effect, an offer of access to the White House in exchange for an investment in one of Mr. Trump's crypto ventures.

"Have Dinner with President Trump and the $TRUMP Community!" the invitation said. "Let the President know how many $TRUMP coins YOU own!"

#1 | Posted by qcp at 2025-04-24 09:28 AM

Donald Trump is a corrupt sumbitch.

Any MAGA here disagree?

#2 | Posted by Zed at 2025-04-24 09:45 AM

Why didn't the rubes who threw money away on Trump Bucks get invited?

#3 | Posted by reinheitsgebot at 2025-04-24 05:43 PM

But please Trumpers, tell us again how Biden was corrupt!
What happened to that alleged "millions he took from China"? LOL! What rubes you all are!

#4 | Posted by e1g1 at 2025-04-24 06:46 PM

"...tell us again how Biden was corrupt!"

The slurpers who screamed CORRUPTION the loudest will be nowhere to be found.

#5 | Posted by Danforth at 2025-04-24 06:48 PM

How is this not recognized as an opportunity for bribery...

OCU

#6 | Posted by OCUser at 2025-04-24 06:59 PM

Because, unfortunately, who's going to stop him?

#7 | Posted by ClownShack at 2025-04-24 07:31 PM

#6, I think anyone who isn't MAGA understands that it is.

#8 | Posted by qcp at 2025-04-25 08:38 AM

A forensic analysis commissioned by The New York Times concluded that 813,294 wallets lost $2 billion by trading the coin while the president's company and partners profited about $100 million from trading fees. According to Fortune, "Less than three weeks after its release, President Donald Trump's memecoin has produced more losers than winners. For every dollar in trading fees the Trump crypto creators raked in, investors lost $20."

Wikipedia

#9 | Posted by Derek_Wildstar at 2025-04-25 12:48 PM

I really dont agree with depoliticizing or politicizing digital cryto currency or bitcoin or the meme coin. Politicians need to be neutral.

#10 | Posted by Robson at 2025-04-25 05:48 PM

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