唐纳德·特朗普（Donald Trump）总统与加密货币产业的紧密联系，他的总统规范的回避都被周四晚上强调

晚餐将在上个月在Memecoin的社交媒体渠道和网站上宣布，这将在北弗吉尼亚州的特朗普国家高尔夫俱乐部举行。

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.

唐纳德·特朗普（Donald Trump）总统与加密货币产业的紧密联系，他的总统规范的回避都在周四晚上被强调，因为他将在华盛顿特区以外的独家晚宴上接待投资者的官方“ 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.

晚餐将在上个月在Memecoin的社交媒体渠道和网站上宣布，这将在北弗吉尼亚州的特朗普国家高尔夫俱乐部举行。根据规则，截至5月12日，Memecoin的前220名持有人将被邀请参加活动，但要在Memecoin的排行榜上注册和背景调查。前25名持有人还将通过特朗普和单独的巡回演出授予“私人VIP接待”。该网站最初将这次旅行描述为“特殊的VIP白宫之旅”，但此后将语言更改为“特殊的VIP巡回演出”。目前尚不清楚该旅行将何时何地进行。

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职典礼前不久发起了他的官方纪念物（一种新颖的加密货币）。 Memecoin $ TRUMP的确切所有权在与特朗普及其家人相关的几家有限责任公司背后被掩盖了。 CIC Digital LLC（特朗普组织的分支机构），与战斗有限责任公司共同拥有了总成员的80％。拥有战斗战斗的CIC数字和庆祝卡有限责任公司都从Memecoins获得了交易费用。

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

一些道德专家认为，Memecoin和最高投资者的独家晚宴是一个严重的道德问题。

“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.”

“特朗普总统在第一个任期内利用总统为自己的业务筹集资金，但没有任何公然的钱。”理查德·帕特（Richard Painter）在2005年至2007年担任乔治·W·布什总统的首席道德顾问，他在一封电子邮件中告诉派遣。 “特朗普现在试图将其提升到一个新的水平 - 托斯拉在白宫出售，他发行了自己的个人成员，他为硬币中的投资者提供私人晚餐。这是在违反联邦道德规范规定的私人收益中使用公职。”

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.

与传统的加密货币不同，像$ trump这样的纪念物没有任何固有的功能或实用性。加密货币“硬币”之类的比特币和以太币以其自身的本地区块链运行，这意味着它们从区块链技术的基本效用中得出了其价值的一部分。例如，Ether为以太坊区块链上的活动提供了权力，用户可以在其中构建分散的应用程序并创建智能合约 - 自动协议，这些协议在满足某些条件时执行诸如转移资金之类的行动。因此，尽管某些投资者纯粹将其视为投机资产，但Ether也从其在数字生态系统中的实际实用程序中获得了价值。

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通常建立在现有区块链之上，因此对其所有者没有独特的效用。取而代之的是，Memecoins充当数字收藏品，通常会受到投机性交易和高价波动的影响。例如，在一月份发布后的前两天，特朗普纪念品的价格在大幅下跌之前的头两天升值了20倍。在宣布独家晚宴活动之后的几天中，其价值也增加了约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.

截至周三，排行榜上排名最高的投资者持有价值约1800万美元的Memecoin，而晚餐的最低预选赛则举行了约60,000美元。参加独家晚宴的人的身份在很大程度上是未知的。尽管他们被要求在Memecoin的排行榜上注册时提供真实姓名，并且必须对活动进行安全筛查和背景调查，但仅将其加密货币钱包地址和三到四个字符的用户名进行公开。但是，一些买家已经公开认同或被记者确定。

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.

有证据表明，排行榜上最高的$特朗普纪念持有人（用用户名“太阳”所确定）是贾斯汀·孙（Justin Sun），是中国加密企业家，也是世界自由金融的顾问，这是由特朗普家族控制的单独的加密货币公司。 Sun已公开确定自己是特朗普$的顶级持有人，并在本周宣布他将参加晚宴。

“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上的一篇文章中写道：“作为特朗普的最高持有人，我很高兴与所有人建立联系，谈论加密货币并讨论我们行业的未来。”

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月购买了价值7500万美元的公司治理令牌后一天宣布为顾问。2025年2月，美国证券交易委员会要求法院暂停对他和他的三家业务的欺诈调查。太阳没有回应调度的置评请求。

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（已被用户名“ Meco”确定）是Memecore，这是一个由新加坡加密集体组成的Memecore，由约60个投资者组成。该小组本周宣布，它已经在晚宴上获得了一席之地，首席业务发展官Cherry HSU告诉《华盛顿邮报》，该合资企业的联合创始人被昵称为“