President Donald Trump is inviting major investors from his personal cryptocurrency, $TRUMP Coin, to his golf club in Virginia this Thursday. This gathering has raised concerns among some individuals who think it may breach anti-corruption regulations—a concern so significant that even his son Eric Trump suggested the event might not take place due to these issues.
On Thursday, speaking with CNN, Wall Street Journal journalist Josh Dawsey stated that
businessman Bill Zanker
is working with Trump on the meme coin initiatives.
“When we arrived at the White House and inquired about the event, they stated that they wouldn’t comment on it. According to them, the White House had no involvement whatsoever. They clarified that the White House was not screening attendees nor did it have anything to do with the president’s activities. Instead, it was described as a private business engagement,” explained Dawsey.
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He disclosed that after the Journal began its investigation, they found evidence suggesting that White House staff members attempted to dissuade Trump from attending the dinner.
As stated by Dawsey, even Eric Trump himself was taken aback upon learning about the existence of this dinner,” she continued. “At first, when news of the event broke, several individuals within the White House suspected it might have been fabricated since there were no records on the president’s official schedule indicating such an engagement. They questioned what exactly this entailed until discovering that he indeed confirmed attendance and consented to participate. It turns out; it was a gathering held at one of his exclusive clubs involving potential financial backers. Let me emphasize: The administration isn’t involved in overseeing personal ventures. To clarify matters further…
CNN’s Dana Bash stated, “Let me clarify,” that this gathering is purely for profit and should not be associated with any campaign or charitable cause, as it pertains strictly to personal affairs.
The individuals involved—specifically the investors—are being offered White House tours as part of their experience. These people will be heading to his golf resort where they’ll pay for dinner alongside the president, after which they receive a tour of the White House. This scenario illustrates precisely how this particular event unfolds.
Bash observed that it remains uncertain who will attend the event. Nonetheless, one individual has confirmed their attendance: H.E. Justin Sun, a Chinese-born Saint Kitts entrepreneur specializing in cryptocurrencies and the founder of Blockchain. Prior to this role, he served as the representative of Grenada at the World Trade Organization between 2021 and 2023. Notably, he also invested $75 million alongside Trump.
CNBC reported
.
A senator serving on an investigative subcommittee is one of those raising concerns about corruption.
What’s occurring tonight at Trump’s golf course—where he is hosting a dinner for key investors in his meme coins—is essentially hanging a ‘For Sale’ sign on the White House. It’s selling access,
said Sen. Richard Blumenthal (D-CT) in a joint statement with Accountable.US
.
“The founders aimed to avoid precisely this type of corruption – where the President becomes indebted to a foreign entity via personal gains directed towards them, as we see occurring now with Trump’s meme coins, through ‘Fight, Fight, Fight,’ and via World Liberty Financial,” he stated.
As the Ranking Member of the Permanent Subcommittee on Investigations, I have initiated an investigation and sent letters to both companies requesting more information. The replies I’ve gotten so far have been entirely insufficient, yet I intend to continue my efforts.
The New York Times
reported
In early May, it was reported that “a venture capital fund backed by the Emirate of Abu Dhabi’s government was utilizing the Trump company’s digital tokens for a $2 billion corporate transaction.”
said Yahoo News
.
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