Donald Trump offered a private dinner to the 220 largest investors in his memecoin, $TRUMP, at his Virginia golf club, followed by a White House tour.
This event was announced as the "most EXCLUSIVE INVITATION in the World" on a website promoting the cryptocurrency.
This action raises significant ethical concerns, particularly given Trump's simultaneous promotion of the cryptocurrency and his appointments of regulators who are scaling back crypto enforcement. It appears to be an exchange of access to the White House for investment in his crypto venture.
Following the announcement, the price of $TRUMP surged over 60%, indicating a rapid accumulation of coins by investors hoping to secure a dinner invitation.
Trump's venture into the cryptocurrency market continues to cause ethical dilemmas and is receiving considerable public attention. His actions blur the lines between his personal business dealings and his political influence.