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."
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!"
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