title: President Donald Trump Is Leaning Into Crypto as a Fundraising Tool

Former President Donald Trump is aiming to raise millions in crypto donations at two upcoming events, despite stating he earns no personal profit from the sector.

What Happened: The first event, a $1.5 million-per-plate fundraiser on May 5, is hosted by MAGA Inc. and will feature prominent tech investor and ‘crypto czar’ David Sacks.

What Happened: The first event, a $1.5 million-per-plate fundraiser on May 5, is hosted by MAGA Inc. and will feature prominent tech investor and ‘crypto czar’ David Sacks.

The second, scheduled for May 22, targets holders of the Trump-themed meme coin OFFICIAL TRUMP TRUMP/USD.

The second, scheduled for May 22, targets holders of the Trump-themed meme coin OFFICIAL TRUMP TRUMP/USD.

The top 220 token holders will be granted dinner access, with exclusive perks for the top 25. The announcement has fueled speculation and price action with the TRUMP token soaring over 50% following the news.

CNBC reported on Monday that the token has generated over $324 million in trading fees, with roughly 80% of the supply linked to Trump-affiliated wallets.

CNBC reported on Monday that the token has generated over $324 million in trading fees, with roughly 80% of the supply linked to Trump-affiliated wallets.

Critics have pointed out that this structure allows wealthy individuals, and potentially foreign actors, to purchase access to the former president.

The official site notes that Trump's attendance isn't guaranteed and reserves the right to cancel the event for any reason, in which case attendees will receive a Trump NFT instead.

Also Read: Bitcoin’s Key Level Is $96,500, Analyst Warns, But Here’s What Could Trigger A Breakdown

Why It Matters: In a Sunday interview with ‘Meet the Press’ moderator Kristen Welker, President Trump stated plainly that he does not benefit from crypto while stressing the strategic importance of the U.S. leading in the digital asset space.

Why It Matters: In a Sunday interview with ‘Meet the Press’ moderator Kristen Welker, President Trump stated plainly that he does not benefit from crypto while stressing the strategic importance of the U.S. leading in the digital asset space.

"If we don't do it, China will," he added.

He acknowledged crypto's surging popularity and strength, especially in comparison to the recent turbulence in traditional markets, "It's very popular. It's very hot,"

When questioned about the meme coin bearing his name, Trump claimed he was unaware of any details.

When questioned about the meme coin bearing his name, Trump claimed he was unaware of any details.

He declined to commit to donating any crypto-linked earnings, although he mentioned that he already donates his presidential salary, a significant act that no other president has done.

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