Donald Trump Jr.'s New Private Social Club Counts Winklevoss Twins, Crypto Czar David Sacks As Founding Members

Donald Trump Jr.'s new private social club held a launch party Saturday

Donald Trump Jr.'s new members-only social club, Executive Branch, held a launch party on Saturday,CNBC reports.

Several big names were in attendance, including founding members Cameron Winklevoss and Tyler Winklevoss, founders of cryptocurrency exchange Gemini, and newly appointed crypto czar David Sacks.

Executive Branch is set to open in Washington D.C. next year and will be the second most expensive private club in the country, with membership fees of $500,000.

The club will be located in the Georgetown neighborhood of the capital and is the latest in a string of private membership clubs that have opened across the country in the past five years. Similar spaces offer exclusive restaurants and bars, meeting rooms, gyms, and spas.

Those with knowledge of the club told CNBC that they expect it will play a similar role during this administration that the Trump International Hotel played during the last Trump administration, becoming a social hub for administration officials, Republican congressional leaders, foreign dignitaries, lobbyists, and business leaders.

Several government officials and members of the cabinet attended the launch party, including Secretary of State Marco Rubio, Securities and Exchange Commission Chair Paul Atkins, Attorney General Pam Bondi, Federal Trade Commission Chair Andrew Ferguson, Federal Communications Commission Chair Brendan Carr, Director of National Intelligence Tulsi Gabbard, FBI Deputy Director Dan Bongino and Mehmet Oz, administrator of the Centers for Medicare and Medicaid Services, were all in attendance according to the report. Several tech founders and CEOs were also on hand for the festivities, the report added.

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