唐納德·特朗普同意與最大的投資者一起參加最大的投資者的晚餐，唐納德·特朗普改變了特朗普硬幣

因此，特朗普可能會發現自己與憲法禁止對賄賂和腐敗的禁令背道而馳。

Donald Trump’s agreement to attend a dinner with the largest investors in his own-brand cryptocurrency has transformed the TRUMP coin into something else entirely: a means of access to the sitting president.

唐納德·特朗普（Donald Trump）同意與他自己的品牌加密貨幣中最大的投資者一起參加晚宴，這使特朗普硬幣完全變成了其他事情：一種與現任總統的接觸手段。

As a consequence, Trump could find himself at odds with constitutional prohibitions of bribery and corruption, experts claim.

因此，特朗普可能會發現自己與憲法禁止對賄賂和腐敗的禁令背道而馳。

Trump’s announcement of the dinner on April 23, has been met with a trading frenzy that, on paper, added hundreds of millions of dollars to the president’s net worth. Two subsidiaries of the Trump Organization, a conglomerate owned by the president, control 80 percent of the total supply of the coin, which shot up in price by almost 60 percent after the announcement. Those subsidiaries also profit from any surge in trading volume as rent-seeking intermediaries.

特朗普在4月23日宣布晚餐的消息遇到了一場瘋狂的交易，在紙上，總統的淨資產增加了數億美元。特朗普組織的兩個子公司是總統擁有的企業集團，控制了硬幣總供應的80％，宣布後，其價格上漲了近60％。這些子公司也從任何貿易量的激增中獲利，作為尋租中介機構。

However, the dinner maneuver may yet have political consequences for Trump. In creating the opportunity for anybody with sufficient wealth to purchase an audience, Trump risks falling foul of a part of the US Constitution—the emoluments clauses—that prohibit the president from accepting gifts or financial compensation from foreign and domestic state actors. In a worst-case scenario for the president, the potential for negative optics could add fuel to calls for his impeachment.

但是，晚餐動作可能會對特朗普產生政治後果。特朗普在為有足夠財富購買觀眾的任何人創造機會時，有可能犯下美國憲法的一部分（埃默爾條款），這禁止總統接受外國和國內州行為者的禮物或經濟薪酬。在總統最糟糕的情況下，負面光學的潛力可能會增加他的彈each的燃料。

“Trump has built an entire life prodding the border of what a powerful person can get away with,” claims Jeff Hauser, executive director at the Revolving Door Project, an organization that seeks to scrutinize the behavior of elected officials. “But at some point in time, he could push a little too far and it comes back on him. This [dinner] has the possibility of being that.”

旋轉門項目執行董事傑夫·霍瑟（Jeff Hauser）聲稱：“特朗普建立了一生，促進了一個強大的人可以擺脫的邊界。”該組織試圖審查民選官員的行為。 “但是在某個時間點，他可能會推得太遠，然後又回到了他身上。這[晚餐]有可能成為那個。”

The White House did not respond to a request for comment.

白宮沒有回應置評請求。

Trump announced his coin on January 18, a few days before his inauguration. At the time, he pitched it as a memecoin, a type of asset whose only purpose is to enable financial speculation. The price of memecoins tends to whipsaw dramatically with swings in public sentiment towards the person, meme, or concept they are based upon.

特朗普於1月18日宣布了他的硬幣，即就職前幾天。當時，他將其宣傳為Memecoin，這是一種唯一目的是實現財務投機的資產。紀念因素的價格往往會大幅度鞭打，因為他們基於的對人，模因或概念的公共情感搖擺不定。

The dinner gambit puts the TRUMP coin in a different class entirely. In establishing an explicit quid pro quo—a large investment in exchange for an audience—the maneuver has effectively turned TRUMP into a utility coin, an asset that bestows on holders some perk or advantage.

晚餐gambit將特朗普硬幣完全放在另一個不同的階級中。在建立一個明確的怪癖（以換取聽眾來換取的巨額投資）時，這項機動實際上將特朗普變成了公用事業硬幣，這是一種賦予持有人的資產，使持有人有一些振興或優勢。

That change was immediately felt in the markets, when the price of TRUMP surged in the hour after the dinner was announced. The expectation of further opportunities to spend time with Trump may continue to prop up the price.

當晚餐宣布後的一小時內，特朗普的價格在市場上立即感受到了這種變化。期望有更多機會與特朗普共度時光可能會繼續提高價格。

“The door to utility has been opened. The market will expect further utility to come from holding that coin,” says Nathan van der Heyden, head of business development at crypto company Aragon. “Before, you were speculating on a TRUMP coin with no utility. Now you’re speculating on future access to Trump. That has to be worth a bit more money.”

加密公司Aragon業務發展主管Nathan van der Heyden說：“已經打開了公用事業的大門。 “以前，您是在猜測沒有公用事業的特朗普硬幣。現在，您猜測未來與特朗普的接觸。這一定價值更多的錢。 ”

The act of transmuting his cryptocurrency into a utility coin is unlikely to have immediate regulatory implications for Trump. In February, the US Securities and Exchange Commission, the financial regulator that policed the crypto industry most tightly, made clear that it does not consider memecoins to fall within its jurisdiction. Likewise, during Trump’s first term, the agency reached a similar conclusion about utility coins.

將他的加密貨幣傳輸到公用事業硬幣的行為不太可能對特朗普產生立即的監管影響。 2月，美國證券交易委員會（美國證券交易委員會）是最嚴格地監管加密貨幣行業的金融監管機構，明確指出，它不認為Memecoins屬於其管轄範圍。同樣，在特朗普的第一學期中，該機構就公用事業硬幣得出了類似的結論。