On May 22, US President Donald Trump spent a dinner for the 220 largest Holders of Memcoin Official Trump (Trump). The politician accepted guests in his golf club in Washington, while the protest was unfolding outside.
We tell you how Trump’s dinner with Trump holders took place, how the public reacted to this and why the US president is now accused of corruption.
Cryptowns with a presidential scope
The solemn reception took place in premium format. TOP-25 investors in the Trump Memcoin got the opportunity to talk with Trump before dinner and were invited on an excursion to the White House. In total, 220 guests took part in the event, among which was the founder of Tron Justin San. The Chinese entrepreneur is the largest holder of the “meme” coin of the politician. He invested more than $ 93 million in cryptocurrency projects of the US President.
In addition to Justin Sana, the general director of the Marketplais of Undedibly replaced tokens (NFT) Magic Eden Jack Lu and CEO Cryptosteum Bitmart, Sheldon Si, also got to dinner.
Trump flew to the helicopter event. The US President spent a little more than an hour at dinner, after which he said in his social network Truth Social that the United States dominate the cryptocurrency market. He promised to maintain this leadership. The White House also commented on the event, emphasizing that Trump participated in it “in his personal time.”
At the end of the evening, Trump’s holders were presented with gifts. The guests received black caps and commemorative signs with proprietary symbols. Justin San President handed the gold watch Trump Golden Tourbillon.
Criticism and protests
At the entrance to the Trump golf club, about a hundred protesters gathered with shouts “shame!” Gathered before dinner, Bloomberg said. They were also accompanied by posters with the inscription “America is not for sale”, “Stop crypto corruption” and “Memcoin-mosquitoes to prison”.
The protest was organized by the human rights organization Public Citizen. Earlier, she issued a report that states that cryptocurrency companies spend huge amounts of promotion of candidates actively supporting digital assets. President’s son Eric Trump commented on a demonstration in a conversation with Fortune. He called the protesters “paid.”
Cryptoenes were also criticized by American politicians. Senators Elizabeth Warren and Adam Schiff spoke about him as an orgia of corruption. In anticipation of the event, Congresswomen Maksin Waters also introduced a bill that should ban the US President, Vice President, Congress members and their families to participate in crypto projects. The ban applies to the release of memcoids and stablecoins.
The reaction of the cryptorrhny
Against the backdrop of the stir around the Trump cryptow, the Trump Memcoin course rose to $ 16. However, immediately after the end of the event, the price of token collapsed. According to Coinmarketcap, over the past day the “meme” coin has fallen in price by more than 11%. At the time of writing this material, it is traded at $ 13.81.
Trump is a memcoin that Donald Trump launched before his inauguration in January of this year. Following this coin on the market, the official token of the wife of US President Melania Trump – Official Melania Meme (Melania) also appeared on the market. The capitalization of these assets is $ 2.41 billion and $ 30.4 million, respectively.
After starting Trump, the politician was repeatedly accused of fraud. So, according to Chainalysis, 94% of the Memboin sentence is stored on only 40 wallets. About 80% of the issue is controlled by CIC Digital LLC, which is affiliated with The Trump Organization. The United States has already called for a federal investigation against Trump token.
Trump is not the only crypto project of the American president. His family is also standing for the creation of the World Liberty Financial decentralized platform. The promotion of the site is engaged in the son of politician Donald Trump Jr.. Earlier it became known that Trumps received at least 75% of the sale of WLFI tokens. Recently, the World Liberty Financial was introduced by the USD1 stablecoin, the capitalization of which now exceeds $ 2 billion. This project also raised a huge number of questions regarding the ethics of launching such initiatives by the US President.
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Source: Cryptocurrency
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