President Donald Trump is expected to organize a dinner for the best investors in his personal cryptocurrency business in his Virginia Golf Club on Thursday. The Gala will welcome 220 largest holders from $ Trump Memecoin, a crypto memecoin launched by the American president in January. According to the event website, the 25 best investors will receive a private audience with Trump before dinner and a visit to the president’s official residence, the White House.One of the largest investors is Justin Sun, an cryptography entrepreneur of Chinese origin and founder of the Tron Blockchain. Sun says he has invested $ 20 million in the medal and a total of $ 93 million in crypto linked to Trump. It is also under investigation in the United States for market manipulation, although the case was interrupted by regulators appointed by Trump earlier this year.
A few weeks before this break, Sun spent $ 30 million in digital assets from a company supported by the Trump family. On social networks, Sun said he was “honored” to attend dinner and eager to talk about the cryptography industry.Political reactionWhile some Republicans have expressed their concern, most criticisms come from democrats. Senator Chris Murphy described the “secret meeting” dinner where wealthy people, perhaps foreign nationals, can try to influence the president.“It is fundamentally corrupt – a way to buy access to the president,” published Murphy on X.The White House rejected, with press secretary Karoline Leavitt calling for “ridiculous” claims. She said Trump had abandoned a luxurious commercial life for the public service.Cryptography regulations and Trump’s turnaroundThe event comes as the Senate increases a new bill to regulate stablecoins – a type of cryptocurrency linked to traditional money. The Genius Act, which has progressed this week, could help bring more rules to the cryptographic space.Trump, once skeptical Crypto, moved his opinions during the 2024 campaign. Many in the cryptography industry, upset by market treatment by the Biden administration, have become great donors from Trump.The industry was faced with major scandals, such as the collapse of Crypto Exchange FTX and the 25 -year sentence of its founder, Sam Bankman Fried. However, interest remains high – Bitcoin has reached a record of $ 109,500 this week.The Trump family widens cryptography linksTrump’s sons, Donald Jr and Eric, have led several new cryptographic companies. They invested in Binance, a major exchange of which the founder hopes for a presidential forgiveness.These investments are managed through World Liberty Financial, a company that the Trump family launched last fall. The management team includes Donald Jr., Eric Trump and Zach Witkoff, the son of a Trump advisor.Trump has also taken measures to support the crypto at the national level, in particular the signing of an executive decree to create a “strategic bitcoin reserve” for the United States government.
