Trump just hosted a private crypto conference at Mar-a-Lago
only the top $TRUMP memecoin holders got in
Mike Tyson was there. Cathie Wood. The CEO of Tether.
Trump took the mic and told banks to stay out of the way of crypto legislation
then $TRUMP opped 14% while he was still speaking
think about that
the president of the United States is defending crypto to a room full of crypto holders
and the coin named after him is dumping in real time
the Clarity Act is still stalled
banks lobbied hard against stablecoin rewards programs
and managed to slow the whole thing down
Trump says the White House won't let banks kill the bill
but saying it at a private dinner for memecoin holders is very different from getting it passed in the Senate
the crypto industry's biggest policy win is still stuck
and the token most associated with the president is down bad from its highs
bullish on crypto long term
but this dinner raised more questions than it answered
