ReutersUS President Donald Trump will host senior buyers in the cryptocurrency bearing his name at a dinner on Thursday.
$ $ Trump was launched shortly before his inauguration in January, when he was initially escalating the value before it fell shortly after.
“It is mainly a corrupt method – a way to buy access to the president,” said Democratic Senator Chris Murphy on X, one of the people who question the event’s ethics.
Some also suggested that the expected presence of many foreign investors poses a threat to national security.
But the White House has fought such allegations, saying that Trump is only motivated by public service
What is the $ Trump?
$ Trump is what is known as the Mimi currency – a type of encrypted currency inspired by online ames or viral trends online.
Its peak price was at 75 dollars in January before it decreased to less than 8 dollars in April – it was about $ 12.50 at the time of writing this report.
Experts question the value of these assets.
“This is something that does not have a clear benefit. It is not used for payments. It is not used as a value store.”
Dinner – which is held at the Trump Golf Stadium near the country’s capital – is announced – on Gettrumpmemes.com as the “most distinctive invitation in the world”.
Best 220 buyers of M -currency, can be shown on a LeadersAnd calls for the event “My Optional Black”.
The best investor in Mimi $ TROMP is the billionaire pioneer for encryption Justin Sun was charged with fraud and manipulation of the market by the American Securities and Exchange Committee during the Biden administration.
In February, the Trump administration stopped the case.
sun He said This week on the X social media platform that planned to attend dinner, describing himself as “the best fan!” For Trump!
From Crypto Critic to the investor
Trump’s views have undergone the cryptocurrency to a fundamental change in recent years.
In 2021, Bitcoin A called “fraud”.
Now, he is not only responsible for organizing cryptocurrencies in the United States – he and his family are participating in the industry.
In addition to Meme, the Trump family also has a majority share in World Liberty Financial World Liberty Financial, which was launched just before the elections.
Trump expressed his desire to be the first “Check President” in the country during his campaign for the presidency and was a major beneficiary in the campaign’s contributions to the encryption industry in the 2024 elections.
Many of the assets of encryption jumped in value under his presidency. On Thursday, Bitcoin reached the highest new level ever at about $ 112,000 per currency.
According to a report By conducting defenders of collective democracy, Trump’s investment in Crypto helped strengthen his net wealth with $ 2.9 billion.
“As an interest in encryption origins, President Trump is likely to benefit from the same policies he is following,” says the report.
Three days after his mandate, Trump issued an executive order to create an organizational framework that promotes the growth of digital currencies.
The Trump BBC administration official told the MIM unrelated to the White House.
White House spokeswoman Anna Kelly pushed concerns about possible conflicts.
“The president is working to secure good deals for the American people, not for themselves,” Kelly said in a statement.
But a former financial organizer resembles Mimi’s currency with gambling.
“It is similar to the sale of membership cards to the Personal Fans Club, which is then circulated,” said Timothy Masad, director of the Harvard Digital Asset Policy Project.
“They have no value. But people speculate the price and those purchases and this trading enriches it.”
ReutersAt the Senate Committee’s hearing this week, Senator Chris Murphy (D-CT) grilled Foreign Minister Marco Rubio about the lack of transparency in relation to those who will attend dinner on Thursday night.
Mr. Murphy indicated reports that many of those present at the call event were expected to be foreigners.
Murphy said: “It is clear that there is a way about the Ministry of Foreign Affairs for foreign individuals with great influence and wealth to be able to press directly on the President of the United States.”
“I have no concern that the president is having dinner with someone who will conflict with the security of the United States,” he said.
On Thursday afternoon, Mr. Murphy and some other members of Congress in Congress planned to protest dinner to be Live broadcast.
“The members will call for Trump’s issuance from the list of individuals who attend dinner and what they get for the millions of dollars they invested in Mimi’s currency in Trump,” the group said in a statement.
