The President of the United States, Trump, signs an executive order in the Oval Office at the White House.
The President of the United States, Donald Trump, holds a signed executive order on cryptocurrencies, in the Oval Office of the White House in Washington, D.C., on January 23, 2025. REUTERS/Kevin Lamarque/File photo Purchase licensing rights, opens a new tab
Trump invites top meme coin buyers to dinner at a golf club.
$TRUMP has generated $350 million in commissions, says Chainalysis
The White House relaxes law enforcement as the Trump family turns to cryptocurrencies
NEW YORK, April 23 (Reuters) - The meme coin of President Donald Trump surged more than 60% on Wednesday after a post announcing "the most EXCLUSIVE INVITATION in the world" promised the top 220 buyers of $TRUMP a private gala dinner with the president on May 22.
In addition to the dinner at the Trump National Golf Club in Washington, DC, the top 25 holders will receive "an ultra-exclusive private VIP reception with the President," as well as a "special tour," according to the announcement.
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The post on a website promoting the $TRUMP coin is the latest in a series of cryptocurrency ventures undertaken by Trump and his family that have generated them hundreds of millions of dollars just in fees.
The Trump family's initiatives include a new cryptocurrency exchange, World Liberty Financial, as well as a shift towards crypto finance by Trump Media & Technology Group (DJT.O), opens a new tab, the social media company in which the president has a $3 billion stake.
Trump has promised to be the first "crypto president" of the United States, and his administration has acted quickly to reduce cryptocurrency enforcement and relax the regulatory framework of the industry.
