Trump Hosts Crypto Dinner for 220 Top Investors Amid Criticism
Trump Hosts Crypto Dinner for 220 Top Investors Amid Criticism

Trump Hosts Crypto Dinner for 220 Top Investors Amid Criticism

News summary

President Donald Trump hosted an exclusive dinner at one of his golf courses for the top investors of his controversial meme coin, $TRUMP, drawing significant criticism and protests over ethical and regulatory concerns. The event, attended by 220 major investors who collectively spent hundreds of millions, promised the top 25 buyers private access to Trump, including a special tour and dining experience, raising alarms about unprecedented financial and political entanglements. Critics, including Democratic lawmakers and watchdog groups, argued that the dinner blurred the lines between Trump's presidency and personal business interests, with some warning about potential foreign influence and calls for legal investigations. The token itself has faced volatility, trading down from $16 to $14 amid a broader crypto market rally that favors newer tokens like Bitcoin Pepe. While major investors have profited, smaller investors have suffered losses, intensifying debates over transparency and fairness in such crypto ventures. Trump's spokeswoman defended the event as a private affair unrelated to his presidential duties, despite widespread accusations of corruption and impropriety.

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