唐納德·特朗普（Donald Trump）總統與加密貨幣產業的緊密聯繫，他的總統規範的迴避都被周四晚上強調

晚餐將在上個月在Memecoin的社交媒體渠道和網站上宣布，這將在北弗吉尼亞州的特朗普國家高爾夫俱樂部舉行。

President Donald Trump’s close ties to the crypto industry and his shunning of presidential norms are both being highlighted Thursday night as he is hosting investors in his official “memecoin” for an exclusive dinner outside Washington, D.C.

唐納德·特朗普（Donald Trump）總統與加密貨幣產業的緊密聯繫，他的總統規範的迴避都在周四晚上被強調，因為他將在華盛頓特區以外的獨家晚宴上接待投資者的官方“ Memecoin”

The dinner—which will take place at the Trump National Golf Club in Northern Virginia—was announced last month on the memecoin’s social media channels and website. According to the rules, the top 220 holders of the memecoin as of May 12 would be invited to the event, subject to their registration on the memecoin’s leaderboard and a background check. The top 25 holders would also be awarded a “Private VIP Reception” with Trump and a separate tour. The website initially described the tour as a “Special VIP White House Tour,” but has since changed the language to only a “Special VIP Tour.” It is unclear exactly when and where that tour will take place.

晚餐將在上個月在Memecoin的社交媒體渠道和網站上宣布，這將在北弗吉尼亞州的特朗普國家高爾夫俱樂部舉行。根據規則，截至5月12日，Memecoin的前220名持有人將被邀請參加活動，但要在Memecoin的排行榜上註冊和背景調查。前25名持有人還將通過特朗普和單獨的巡迴演出授予“私人VIP接待”。該網站最初將這次旅行描述為“特殊的VIP白宮之旅”，但此後將語言更改為“特殊的VIP巡迴演出”。目前尚不清楚該旅行將何時何地進行。

Trump launched his official memecoin—a type of novelty cryptocurrency—in January, shortly before his inauguration. The exact ownership of the memecoin, $Trump, is obscured behind several limited liability companies linked to Trump and his family. CIC Digital LLC—an affiliate of the Trump Organization—and Fight Fight Fight LLC collectively own 80 percent of the total memecoin. Both CIC Digital and Celebration Cards LLC, which owns Fight Fight Fight, receive trading fees from the memecoins.

特朗普在一月份就在就職典禮前不久發起了他的官方紀念物（一種新穎的加密貨幣）。 Memecoin $ TRUMP的確切所有權在與特朗普及其家人相關的幾家有限責任公司背後被掩蓋了。 CIC Digital LLC（特朗普組織的分支機構），與戰鬥有限責任公司共同擁有了總成員的80％。擁有戰鬥戰鬥的CIC數字和慶祝卡有限責任公司都從Memecoins獲得了交易費用。

Some ethics experts believe that the memecoin, and the exclusive dinner for its top investors, is a serious ethics concern.

一些道德專家認為，Memecoin和最高投資者的獨家晚宴是一個嚴重的道德問題。

“President Trump used the presidency in his first term to raise money for his businesses, but nothing this blatant,” Richard Painter, who served as the chief ethics adviser to President George W. Bush from 2005 to 2007, told The Dispatch in an email. “Trump now seeks to take this to the next level—Teslas are sold at the White House, he issues his own personal memecoin, and he offers private dinners for investors in the coin. This is the use of public office for private gain in violation of federal ethics rules.”

“特朗普總統在第一個任期內利用總統為自己的業務籌集資金，但沒有任何公然的錢。”理查德·帕特（Richard Painter）在2005年至2007年擔任喬治·W·布什總統的首席道德顧問，他在一封電子郵件中告訴派遣。 “特朗普現在試圖將其提升到一個新的水平 - 托斯拉在白宮出售，他發行了自己的個人成員，他為硬幣中的投資者提供私人晚餐。這是在違反聯邦道德規範規定的私人收益中使用公職。”

Unlike traditional cryptocurrencies, memecoins like $Trump do not have any inherent function or utility beyond their novelty. Cryptocurrency “coins” like Bitcoin and Ether operate on their own native blockchains, meaning they derive some portion of their value from the underlying utility of their blockchain technology. Ether, for example, powers activity on the Ethereum blockchain, where users can build decentralized applications and create smart contracts—automated agreements that execute actions like transferring funds when certain conditions are met. So while some investors treat it purely as a speculative asset, Ether also derives value from its actual utility in digital ecosystems.

與傳統的加密貨幣不同，像$ trump這樣的紀念物沒有任何固有的功能或實用性。加密貨幣“硬幣”之類的比特幣和以太幣以其自身的本地區塊鏈運行，這意味著它們從區塊鏈技術的基本效用中得出了其價值的一部分。例如，Ether為以太坊區塊鏈上的活動提供了權力，用戶可以在其中構建分散的應用程序並創建智能合約 - 自動協議，這些協議在滿足某些條件時執行諸如轉移資金之類的行動。因此，儘管某些投資者純粹將其視為投機資產，但Ether也從其在數字生態系統中的實際實用程序中獲得了價值。

However, memecoins are typically built on top of existing blockchains, and therefore offer no unique utility to their owners. Instead, memecoins serve as a digital collectible and are often subject to speculative trading and high price volatility. For example, the price of the $Trump memecoin appreciated by a factor of 20 in the first two days following its release in January, before falling substantially. Its value also rose by around 30 percent in the days following the announcement of the exclusive dinner event.

但是，Memecoin通常建立在現有區塊鏈之上，因此對其所有者沒有獨特的效用。取而代之的是，Memecoins充當數字收藏品，通常會受到投機性交易和高價波動的影響。例如，在一月份發布後的前兩天，特朗普紀念品的價格在大幅下跌之前的頭兩天升值了20倍。在宣布獨家晚宴活動之後的幾天中，其價值也增加了約30％。

The highest ranked investor on the leaderboard held approximately $18 million worth of the memecoin as of Wednesday, while the lowest qualifier for the dinner held approximately $60,000. The identities of those attending the exclusive dinner are largely unknown. While they were required to provide their real names when registering on the memecoin’s leaderboard—and will have to undergo a security screening and background check for the event—only their cryptocurrency wallet addresses and a three-to-four-character username are publicly available. Some buyers, however, have identified themselves publicly or been identified by reporters.

截至週三，排行榜上排名最高的投資者持有價值約1800萬美元的Memecoin，而晚餐的最低預選賽則舉行了約60,000美元。參加獨家晚宴的人的身份在很大程度上是未知的。儘管他們被要求在Memecoin的排行榜上註冊時提供真實姓名，並且必須對活動進行安全篩查和背景調查，但僅將其加密貨幣錢包地址和三到四個字符的用戶名進行公開。但是，一些買家已經公開認同或被記者確定。

Evidence suggests that the top $Trump memecoin holder on the leaderboard—identified with the username “Sun”—is Justin Sun, a Chinese crypto entrepreneur and an adviser to World Liberty Financial, a separate crypto firm controlled by the Trump family. Sun has publicly identified himself as the top holder of $Trump and announced this week that he would be attending the dinner.

有證據表明，排行榜上最高的$特朗普紀念持有人（用用戶名“太陽”所確定）是賈斯汀·孫（Justin Sun），是中國加密企業家，也是世界自由金融的顧問，這是由特朗普家族控制的單獨的加密貨幣公司。 Sun已公開確定自己是特朗普$的頂級持有人，並在本周宣布他將參加晚宴。

“As the top holder of $TRUMP, I’m excited to connect with everyone, talk crypto, and discuss the future of our industry,” Sun wrote in a post on X.

Sun在X上的一篇文章中寫道：“作為特朗普的最高持有人，我很高興與所有人建立聯繫，談論加密貨幣並討論我們行業的未來。”

Word Liberty Financial announced Sun as an adviser one day after he purchased $75 million worth of the firm’s governance tokens in November 2024. In February 2025, the Securities and Exchange Commission asked a court to pause a fraud investigation into him and three of his businesses. Sun did not respond to a request for comment from The Dispatch.

Liberty Financial Will Financial宣布Sun在2024年11月購買了價值7500萬美元的公司治理令牌後一天宣佈為顧問。 2025年2月，美國證券交易委員會要求法院暫停對他和他的三家業務的欺詐調查。太陽沒有回應調度的置評請求。

The second largest holder—identified with the username “MeCo”—is MemeCore, a Singapore-based crypto collective made up of about 60 investors. The group announced this week that it had secured a spot at the dinner, with Chief Business Development Officer Cherry Hsu telling the Washington Post that a co-founder of the venture nicknamed “

第二大持有人（已被用戶名“ Meco”確定）是Memecore，這是一個由新加坡加密集體組成的Memecore，由約60個投資者組成。該小組本周宣布，它已經在晚宴上獲得了一席之地，首席業務發展官Cherry HSU告訴《華盛頓郵報》，該合資企業的聯合創始人被暱稱為“