Trump's Cryptocurrency Dinner, an Outspoken Collusion of Politics and Capital!
Trump's cryptocurrency dinner has sparked enormous controversy. This event required participants to hold a substantial amount of 21,866,578,504 to qualify for entry, with a funding threshold of $148 million behind the 220 seats. Sun Yuchen became the top VIP with a holding of $18.5 million.
This dinner exposed three core issues:
First, the Trump family holds 80% of the token supply and has profited $320 million through transaction fees;
Second, over 60% of participants are from overseas, with some spending tens of millions just to take a photo with Trump;
Third, market data shows that 60 major players made $1.5 billion, while 600,000 retail investors lost $3.87 billion.
Democratic lawmakers strongly condemned this behavior, calling it "the most blatant corruption in American history." Even some Republicans expressed dissatisfaction, believing it seriously undermines political ethics. Although the White House argues that Trump's assets are managed by a trust, it is difficult to eliminate public doubts about the transfer of interests.
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