US EditionBuyers of $TRUMP meme coin pay millions to win dinner with President Trump
- President Trump scheduled an exclusive gala dinner on May 22, 2025, in Washington D.C. For top investors in his $TRUMP memecoin.
- The dinner followed Trump's January 17, 2025 launch of the $TRUMP memecoin, which critics say enables a quid-pro-quo access system favoring wealthy or foreign investors.
- Over 60 major crypto wallets have earned nearly $1.5 billion in profits, while approximately 600,000 other wallets suffered losses totaling around $3.87 billion, including $117 million lost following the dinner announcement.
- Democratic lawmakers, including Senator Jon Ossoff, criticized the memecoin, with Ossoff highlighting that it allows buyers to gain access to events in a way that financially benefits him.
- The event and coin raised concerns over potential corruption, prompting legislative efforts like the MEME Act, though prospects for such laws remain slim due to Republican control.
72 Articles
72 Articles
Trump Family-Linked Firms Profited $320M on Memecoin Despite 87% Decline Since Day One
Data from Chainalysis show the creators of the TRUMP token made $320 million in fees while retail investors lost money. What to know: Data from Chainalysis shows that the creators of the TRUMP token made $320 million in fees while the majority of retail investors lost money. The family’s net worth increased by $2.9 billion related to crypto with 40% of that figure held in crypto assets, according to the State Democracy Defenders Fund. There hav…
Donald Trump says he’s our ‘crypto president,’ but he’s tanking its best shot at adoption
Donald Trump said on the campaign trail ahead of his election that he intended to be the “crypto president.” But his vision and reality have collided in a way that could ultimately do more harm than good to crypto’s broader adoption in the years ahead. Last week, the U.S. Senate dealt the cryptocurrency industry a significant setback, voting to block further advancement of the GENIUS Act, a bill aimed at establishing regulatory guardrails for do…
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