Donald Trump to host private dinner for top crypto investors in his memecoin. world News
US President Donald Trump is set to host dinner for top investors at his personal cryptocurrency venture at his Virginia Golf Club on Thursday. Gala will host a crypto memecoin, a crypto memecoin, $ Trump Memcoin’s 220 biggest holders in January. According to the event website, the top 25 investors will receive a private audience with Trump before dinner and will visit the official residence of the President, White House.One of the largest investors is Justin Sun, a Chinese -born Crypto entrepreneur and founder of Tron Blockchain. Sun says he invested a total of $ 20 million in the coin and a total of $ 93 million in Crypto related to Trump. He is also investigating in the US for manipulation in the market, although the case was stopped by Trump appointed regulators earlier this year.A few weeks before that stagnation, Sun spent $ 30 million on digital assets from the Trump family -backed company. On social media, Sun said that he was “honored” to attend dinner and was eager to talk about the Crypto industry.Political transitionWhile some Republican expressed concern, most of the criticism has come from Democrats. Senator Chris Murphy called a dinner a “secret meeting”, where rich people, possibly foreign nationals, can try to influence the President.“It is fundamentally corrupt – a way to buy access to the President,” Murphy posted on X.The White House pushed back, the press secretary Karolin Levitt called the claims “ridiculous”. He said that Trump gave a great business life for public service.Crypto Regulation and Trump changeThe event comes when a new bill is carried forward to regulate the Senate Stabecrim – a type of cryptocurrency tied to traditional money. The Genius Act, which proceeds this week, can help bring more rules in Crypto space.Trump, once a crypto skeptical, transferred his ideas during the 2024 campaign. Many in the Crypto industry, troubled by the handling of the Biden administration’s market, became the major trump donor.The industry has faced major scams, such as the fall of the Crypto Exchange FTX and the 25-year sentence of its founder Sam Bankman-Fride. Nevertheless, interest is high – Bitcoin hit a record $ 109,500 this week.Trump family expands crypto relationsTrump’s sons, Donald Jr. and Eric, are leading many new crypto ventures. He has invested in Benance, a major exchange that the founder expects for a presidential post.These investments are managed through the World Liberty Financial, a company that was launched by the Trump family. The leadership team includes Donald Jr., Eric Trump and Zach Vitcooff, son of Trump advisor.Trump has taken steps to support Crypto at the national level, including signing an executive order to create a “strategic bitcoin reserve” for the US government.
