Trump’s Ultra-Luxe Crypto Dinner: Inside the Secret White House Extravaganza
Over 200 rich cryptocurrency enthusiasts converged on
Donald Trump
attended President Trump’s golf course in Washington D.C. on Thursday evening for an exclusive dinner with the president.
They enjoyed filet mignon and warm lava cake inside the two-story clubhouse located at the golf course, which spans 800 acres in Northern Ontario.
Virginia
along the shores of the Potomac River.
The
White House
maintained secrecy regarding the guest list, yet numerous invitees shared details online, posting pictures of Marine One touching down and the expansive ballroom teeming with attendees dressed in formal attire.
Democrats
Ethics specialists condemned the event, denouncing it as a means for Trump to line his own pockets.
However, the president refuted the accusation during comments to attendees, asserting that
Hunter Biden
And the Biden family profited substantially from their time in the White House.
In the end, regardless of the situation, I prioritize the country over business every time,’ he stated, adding ‘That’s something you cannot say about Hunter.’
Trump pointed out President Joe Biden’s son Hunter sold paintings for thousands of dollars: ‘500,000 for a painting.’
Footage of his comments was shared on social media platforms by people who attended the event.
The presidential cryptocurrency initiative organized the dinner exclusively for the prominent owners of the $TRUMP token.
Trump highlighted the benefits of the endeavor when he spoke to the audience.
‘Much logic in cryptocurrency, much common sense,’ the president remarked. He was still clad in the blue suit and red tie he had sported at the White House throughout the day.
A lot of the investors involved in cryptocurrencies come from abroad, and it remains uncertain what sort of background checks were conducted to ensure their presence in the vicinity of the ballroom.
A few individuals had to make their way through a crowd of demonstrators gathered outside the venue, pushing through the yelling masses as they entered the function.
Upon entering, visitors encountered a poster showing Trump dressed in a tuxedo, raising his fist in his signature fighting pose, with the phrase ‘Fight Fight Fight’ printed in gold letters.
The dinner included a field green salad, filet mignon, pan-seared halibut, and warm lava cake, as shown in pictures shared by attendees on social media platforms.
Trump remained for roughly an hour before departing aboard Marine One and heading back to the White House as the sun set.
Upon his return to the South Lawn, he informed journalists that the dinner had been ‘excellent. Truly excellent.’
The gathering aimed to express gratitude to the investors who contributed $400 million towards Trump’s memecoin.
The official site for the dinner bills itself as ‘home to the most elite invite globally.’
According to an analysis provided to NBC News by the blockchain analytics firm Nansen, the typical investor shelled out $1,788,994.42 for the dinner.
However, the cost of entry varied between $55,000 and $37.7 million. Each of the top seven victors invested over $10 million.
The invite likewise assured the top 25 investors privileged entry to the president through a private gathering and an exclusive tour of the White House.
‘The top 25 coin holders are invited to an exclusive reception prior to dinner where they will meet their favorite president!’ states the website.
‘Additionally, we have organized a special VIP tour just for you; ensure you remain in town.’
Democrats and ethics specialists condemned the dinner as clear-cut corruption aimed at lining the president’s pockets.
The White House responded, noting that the president’s financial assets are managed through a blind trust.
‘All of the [resident’s assets are in a blind trust, which is managed by his children,’ press secretary Karoline Leavitt said in her press briefing.
She dismissed claims that the president was benefiting financially from his position.
The president is adhering to all relevant conflict of interest regulations as they apply to their position. I feel confident that everyone, including the general U.S. populace, would agree that it’s preposterous to imply this particular president stands to gain financially from holding office. Prior to dedicating themselves fully to serving our nation openly, this individual had achieved remarkable success personally. Not only have they experienced financial setbacks since taking office, but they’ve also faced significant personal risks, nearly losing their life at times. They’ve made considerable sacrifices to get where they are now. Thus, suggesting anything contrary to these facts strikes me as utterly ridiculous,” she stated.
A number of attendees remained unidentified as they acquired the currency using fake names, enrolling with usernames for their transactions.
The event brought protesters.
In front of the golf club’s entrance, approximately 100 people had gathered along both sides of the road, shouting ‘shame, shame, shame.’
The banners displayed messages such as ‘Honk to Oust Trump,’ ‘End Cryptocurrency Misconduct,’ ‘Pay Your Fair Share,’ and ‘America Isn’t For Sale.’
Regarding the guests at the evening event, an investigation conducted by Bloomberg News revealed that out of the top 25 registrants for the dinner, only six utilized domestic platforms; the remaining participants made use of foreign exchanges claiming to not accept American residents as clients.
At minimum, 56% of the leading account holders utilized comparable offshore exchanges.
The $TRUMP memecoins trade on exchange platforms, with funds not going directly to Trump.
However, approximately 80 percent of $TRUMP tokens are owned by entities associated with the Trump Organization, which implies that as their value increases, so too does the financial portfolio of President Trump.
Trump’s cryptocurrency also makes money for those groups simply by being traded.
For each $TRUMP coin exchanged, a transaction fee is applied.
A crypto analytics company called Chainalysis approximated that the meme coin generated roughly $900,000 in transaction fees during the initial 48 hours after the competition was unveiled.