In a bold move to capture President Trump's attention amid rising tariffs affecting freight traffic, California-based trucking logistics firm Freight Technologies has invested $2 million in Trump Coin, the cryptocurrency launched by the Trump family. Chief Financial Officer Donald Quinby expressed that this purchase was a strategic effort to advocate for free trade, stating, "This was just an opportunity to really advocate for free and fair trade." The Trump family announced an exclusive dinner event at Mr. Trump's golf course in Virginia, designed to reward the largest buyers of Trump Coin, or $TRUMP. Data indicates that buyers have collectively spent $140 million to gain access to this event, which includes a smaller gathering for the top 25 holders of the cryptocurrency. This unprecedented initiative has raised eyebrows among experts regarding potential conflicts of interest, with Jessica Tillipman of George Washington University noting that such transactions could allow foreign entities to gain influence. Attendees of the dinner include notable figures like Justin Sun, a Chinese-born billionaire and the largest holder of Trump Coin, who has a controversial history in the crypto space. Meanwhile, experts have drawn parallels between the Trump family's cryptocurrency endeavors and Hunter Biden's art sales, both raising questions about transparency and influence. As the Senate moves forward with the GENIUS Act to regulate stablecoins, some Democrats, including Senator Elizabeth Warren, have voiced concerns about potential corruption linked to Trump's crypto holdings. However, the White House has firmly denied any ethical breaches, asserting that Trump’s assets are managed in a blind trust. Despite not making the leaderboard for the dinner, Freight Technologies remains committed to its investment strategy, with plans to increase their stake in Trump Coin to $20 million, underlining their belief that the investment is a worthwhile gamble for advocacy in trade policy.
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