More than 200 guests are expected on Thursday at an elegant field club near the Potomac River, near Washington, to participate in a sumptuous dinner offered by the president of the United States. The lucky ones are not senior officials or members of an official foreign delegation, but the 220 people who bought the largest amount of $ Trump, the “same” cryptocurrency launched by Donald Trump.
The same is hypervoltile tokens based on a personality or viral phenomenon, designed to have fun and speculate.
The 25 largest Trump investors will benefit from even more privileged access: a private audience with Donald Trump before dinner, in his Potomac Falls Golf Club in Virginia and a visit from the White House.
“The most exclusive invitation to the world” can be read on a website dedicated to the event.
This dinner perhaps represents the most daring commercial company of the second presidency of Donald Trump, even more unfocused the already vague borders of Washington between politics and profits.
Launched a few hours before its inauguration in January, the same Trump is just an example among others of the constant expansion of the Trump family in cryptocurrencies. A large part of the actors of the crypts see these risky chips with a bad eye, fearing that they would tarnish the credibility of the sector.
Tokens for sale
After the euphoria of the beginnings, it fell from Trump, losing more than $ 2 billion accumulated in around 810,000 buyers, according to the chain chain cabinet for the New York Times chain.
In the announcement of the dinner, the $ Trump value has soaked again, but the items indicate that many supplies of the offer, which ended on May 12, now reveal their tokens. Critics, including the editorial committee of the Wall Street Journal, generally favorable to Trump, emphasize that the head of state and his allies, as creators of Token, won $ 320 million in exchange costs, according to the chain.
“The American people deserve the unwavering guarantee that access to the presidency is not put on sale to the highest offer in exchange for the president’s financial gain,” the US senators Adam Schiff and Elizabeth Warren wrote in a letter addressed to the office responsible for preventing conflicts of interest within the administration.
The Cryptos industry has contributed more than $ 100 million to Trump’s victorious campaign. She expects the president a lot in terms of deregulation, after years of skepticism of democratic administration and the main scandals, including the collapse of FTX, the giant of cryptocurrencies founded by Sam Bankman-Fried, which currently meets a 25-year prison sentence for mass fraud.
But the controversy around dinner complicates efforts to adopt a clearer legal framework for stable, digital assets considered safer and better established than the most speculative tokens in the sector.
“Win the race”
“The United States has won the space race. We would do well to win the cryptocurrency race,” Eric Trump told the CNBC channel.
Donald Trump has long hostile to cryptocurrencies, he is now trying to reduce regulatory obstacles. He signed a decree that established a “strategic reserve” fueled by 200,000 bitcoins seized in civil and criminal cases in the United States. But the most influential Democrats in Congress block other legislative advances, upset by dinner and other Trump family initiatives. In particular, an investment in the Binance platform, whose founder seeks to obtain presidential grace to return to the US market.
Eric Trump, son of the president, and Zach Witkoff, son of Steve Witkoff, Trump’s diplomatic advisor, announced in April in Dubai that the Emirati MGX fund, supported by the state, would use USD1, the cryptocurrency of his company Libery Financial, to invest $ 2 billion in Binance.
In addition, American Bitcoin, another company supported by Trump’s older children, Eric and Donald JR, recently announced his intention to enter the New York Stock Exchange. This company will be based on the fall in energy costs to reduce the cost of Bitcoin mining in the United States.
Source: BFM TV
