Another Trump memecoin dinner advertised for token's top investors
In this news:
Key takeaways
- Top investors in Donald Trump's memecoin have been invited to another exclusive dinner event.
- Previous memecoin investor losses have fueled political debates and stalled crypto market structure legislation.
- VIP attendees at the upcoming event will receive gifts including commemorative posters and custom fragrance.
That had been a point of disappointment for some participants in past events: While Trump briefly appeared, they didn't get a chance to meet him.
Since his memecoin's launch in the days before he took office again, investors have lost billions of dollars, and those losses have occupied the spotlight during the recent debates over the Digital Asset Market Clarity Act — the crypto market structure bill in the Senate. With Trump's crypto empire in mind, Democratic lawmakers had insisted that the bill limit the digital asset ties of senior government officials, but that provision could never be worked out, and the bill failed to advance last month.
Trump had said he was willing to concede on some of the requests and potentially place his crypto holdings in a blind trust or divest them, but the deal fell apart when the bill failed.
The first Trump memecoin event was also at Trump's Washington-era golf club, and protesters — including congressional Democrats — gathered outside to accuse the president of corruption as unidentified guests gathered.
In April, Trump held a related conference at Mar-a-Lago in Florida for memecoin holders, at which former champion boxer Mike Tyson appeared.
This time, the top “VIPs” will be given gifts, including a commemorative poster and “TRUMP fragrance.” The website's tally of current registrants shows that the top investors seeking invitations each hold hundreds of thousands of coins.
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