Donald Trump Hosted a Meme Coin Dinner for Crypto Speculators at His Golf Course

This event, attended by hundreds of the largest investors in the $TRUMP cryptocurrency, was likely the most grotesque display of wealth and political influence in US history.

A vivid tapestry of corruption, cronyism and crypto unfolded on Thursday as Donald Trump hosted a lavish dinner at his Trump National Golf Course in Sterling, Virginia, with a coterie of the largest investors in the $TRUMP cryptocurrency.

The event, which was attended by several hundred guests and began with a cocktail party and tour of the White House, was perhaps the most grotesque display of wealth and political influence in US history. It was a symptom of the terminal decline of the American capitalist class, whose highest office is now openly leveraged for personal profit through Ponzi schemes, gangsterism and swindling.

The dinner was billed as the “most EXCLUSIVE INVITATION” in the world, a phrase that, in the context of the Trump White House, is synonymous with shameless self-promotion and the monetization of the presidency.

According to an email invitation seen by Blockworks, access to the dinner was based on a “leaderboard” that ranked individuals by the amount of money they had poured into Trump’s meme coin coffer.

The $Trump cryptocurrency, like all the others, has no underlying utility, no productive purpose, no actual value and no reason for existence beyond speculation and the enrichment of its creators. It is a vehicle for fraud, manipulation and theft, especially against new and inexperienced investors.

The leaderboard golf metaphor was not based on any kind of performance other than a literal auction for access to the president. The top 220 buyers secured seats at the dinner, while the top 25 were promised an even more exclusive cocktail hour and a tour of the White House.

The names on the leaderboard—“MEOW,” “LSD,” “REKt,” “elon”—were used to denote the identity of the attendees, highlighting the separation of the financial elite from public scrutiny and accountability.

The top seven investors each spent $10 million or more on the coin, with billionaire crypto investor Justin Sun reportedly paying out $18.5 million to become the largest known holder. Sun was rewarded with a gold watch and private time with Trump, an emblem of the transactional nature of the event.

Sun is a Chinese-born cryptocurrency entrepreneur, billionaire and the founder of the blockchain platform TRON. Born in 1990, he studied at Peking University and the University of Pennsylvania, later attending Hupan University, a business school founded by Alibaba’s Jack Ma.

He began his career working at Ripple Labs, a major cryptocurrency startup, before launching his own ventures. In 2013, he founded the cryptocurrency exchange Bitsonic. Afterward, he became the chief representative of ViaBTC, one of the largest Bitcoin miners.

In 2017, Sun founded TRON, a decentralized cryptocurrency and blockchain platform. TRON aims to create a code-free blockchain network that can be used by anyone to develop and deploy decentralized applications (dapps).

TRON has raised billions of dollars from investors around the world, and its cryptocurrency, TRX, is now one of the top 20 cryptocurrencies by market capitalization.

Sun is a controversial figure in the cryptocurrency industry. He has been known for his lavish spending and his willingness to engage in public feuds with other cryptocurrency executives.

Despite the collapse of the meme coin frenzy earlier this year, Trump remained committed to promoting cryptocurrencies during his presidency.

Earlier this week, the president’s administration announced plans to slash the budget of the Securities and Exchange Commission (SEC) and reduce the agency’s staff by 10 percent.

The move came in response to complaints from cryptocurrency executives that the SEC has been too aggressive in policing the industry.

The Trump administration has also faced criticism for its close ties to the cryptocurrency industry.

Earlier this year, the administration moved to deregulate cryptocurrency exchanges, making it easier for them to operate in the US.

The administration also reportedly intervened to prevent the SEC from shutting down a major cryptocurrency scam.

The Trump administration’s policies have created an environment in which crypto scams can flourish, according to experts.

“The Trump administration has been very favorable to the cryptocurrency industry, and that has allowed for some malfeasance to take place,” said Charles Cascarano, the CEO of BlockFi, a cryptocurrency lending platform.

“I think we’re going to see more scams come to light as the SEC is able to focus more on it,” Cascarano added.

The meme coin dinner was the latest in a series of schemes mounted by the Trump White House to monetize the presidency.

Earlier this year, the Trump Organization accepted a luxury airliner from the ruling monarchs of Qatar, and the president’s family members accepted large investments in their private businesses from monarchical regimes in several Middle Eastern countries.

The Qatari jet, a Boeing 747 converted into a flying palace, was described by Trump Jr. as a “gift” that “shows the respect and admiration that the world has for my father.”

It was a down payment on future influence, a vivid reminder