“This Isn’t Business — It’s a Green Light for Foreign Money!”
On Thursday, May 22, 220 crypto elites gathered for an exclusive dinner with Donald Trump at a luxury club near Washington. But what was meant to look like a networking event is now under fire — and it’s raising serious questions.
Front and center? Chinese crypto magnate Justin Sun, who secured VIP status by holding $18.5 million in Trump Coins ($TRUMP). Not only is he the platform’s top financier, but he’s also fresh off a paused SEC fraud probe — making this entire affair smell like a calculated power move.
Let’s break it down:
A blockchain audit revealed $148M was spent on “tickets” for the event.
The top 25 investors shelled out $111M, while 60% of attendees were foreign nationals — some dropping tens of millions just to snap a pic with Trump.
Even more staggering: the Trump family held onto 80% of the supply, raking in $320M in fees, with $1.35M flooding in right after the dinner was announced.
The top four contributors? They walked away with $100K Patek Philippe watches.
Critics from both sides of the aisle are speaking out:
Democrats are pushing to release the attendee list, calling it a “disgraceful cash grab”.
Even Republicans are uneasy, with one lawmaker admitting the scene made her “start to reflect.”
And the market data?
It’s brutal:
60 whales profited $1.5B
600,000 retail traders lost $3.87B
This isn't innovation — it's regulatory exploitation, turning a presidential platform into a global cash machine. The Trump family’s crypto push is less about technology and more about harvesting investor hype.
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