Trump Aims to Raise Millions This Month by Tapping into Crypto and Memecoin Trends

President Donald Trump has scheduled two crypto-themed dinners this month, tapping into the growing intersection of politics and cryptocurrency. These events could bring in millions.

The first dinner is a high-stakes fundraiser costing $1.5 million per plate. It’s one of the priciest political fundraisers in recent times. The second dinner, set for May 22, is intriguing—entry isn’t about cash, but holding a specific token: the $TRUMP token.

Hosted by MAGA Inc., the “Crypto & AI Innovators Dinner” on May 5 will feature David Sacks, a significant figure in shaping crypto and AI policies in Washington. Supporters of this dinner see Sacks as a catalyst for positive regulatory changes, marking a notable shift from policies under President Joe Biden. Recent changes have been welcomed by industry leaders who appreciate the newfound regulatory clarity.

At the second event, held at Trump National Golf Club in the D.C. area, guest entry will be determined through a contest where top token holders will gain special access, including dinner with Trump himself. The contest runs until May 12, allowing the 220 highest holders to secure their spots by leveraging their token ownership.

This event has drawn sharp criticism. Accountable.US, a center-left watchdog group, has labeled the contest a “self-enrichment scheme,” suggesting it may allow wealthy individuals, potentially even foreign actors, to gain undue influence.

Interestingly, the crypto wallet system allows for some anonymity, complicating verification of top contenders in the token contest. For instance, entrepreneur Justin Sun reportedly holds $75 million in a different Trump-related cryptocurrency, a stake that raises eyebrows amid ongoing scrutiny from regulatory bodies like the SEC.

While the contest promises exclusive access, there are no guarantees Trump will attend, and should the event be canceled, participants might receive a digital NFT instead. Despite this uncertainty, interest in the $TRUMP token has surged—it increased by over 50% following the announcement of these events, indicating a keen market reaction.

About 80% of the $TRUMP token supply is said to be controlled by the Trump Organization and its affiliates. This arrangement has generated over $324 million in trading fees, benefiting insiders through a mechanism that allocates a portion of each trade to their wallets. However, those insiders have agreed to hold their tokens for at least another 90 days, suggesting a commitment to the project’s long-term success.

As the interplay of politics and cryptocurrency continues to evolve, events like these shine a light on how different sectors are increasingly intertwined. This blend of influence, regulations, and financial gain keeps the public and critics alike on high alert. You can find more insights on this topic in the recent report from CoinDesk.

The version of politics that intertwines with cryptocurrency is still new and rapidly changing. It’s essential for voters and stakeholders to stay informed about these developments and their implications for the future.

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