On Thursday, U.S. President Donald Trump hosted a banquet at his golf club near Washington, inviting his largest meme coin holders and other guests; however, when these guests arrived, they encountered protesters. The day before, driven by optimism supported by the U.S. government regarding the cryptocurrency industry, Bitcoin surged to a record high.
Cryptocurrency investor Sun Yuchen posted a photo heading to a dinner on X, as he is currently working hard to resolve a regulatory case in the United States. Trump also announced on Truth Social that he would attend the dinner, stating, 'America is dominant in the fields of cryptocurrency, Bitcoin, etc., and we will maintain this status!'
Guests at the event also included retired NBA player Lamar Odom. When the guests arrived at the Trump National Golf Club, about 100 protesters gathered near the security checkpoint after the guests got out of their cars. The protesters shouted 'Shame!' and 'I hope you choke on your dinner!' while holding signs that read 'America is not for sale' and 'Meme coin scammers go to prison.'
According to photos from inside the event, each table had large signs reading 'Fight Fight Fight' to pay tribute to the company that launched the Trump meme coin. Gift bags containing black hats and badges were placed on the chairs, all labeled 'Fight Fight Fight.' The menu included garden vegetable salad, filet mignon, pan-seared halibut, garlic mashed potatoes, and mixed vegetables.
The event faced criticism from Democratic senators such as Elizabeth Warren of Massachusetts and Adam Schiff of California, who pointed out that there are conflicts of interest at this event, and the opportunity to engage with the president may be sold off, especially to foreigners.
"In fact, he hung a 'For Sale' sign on the White House lawn," said Connecticut Senator Richard Blumenthal in an interview on May 9. "This dinner further clarified and intensified our concerns." On Thursday, Blumenthal attended a press conference to discuss the so-called 'unprecedented presidential cryptocurrency corruption.'
To qualify for attending the dinner, holders of the Trump meme coin had to register on an online leaderboard that tracked their average holdings over three weeks. The top 220 holders were invited to the dinner, while the top 25 holders were also invited to a special pre-dinner reception with the president. Analysis found that more than half of the largest holders were using foreign exchanges that claimed to prohibit U.S. users, indicating that many purchasers were outside the U.S. One of the guests was Morten Christensen, who lives in Mexico and runs AirdropAlert.com, a site tracking token giveaways. He only spent about $1,200 to secure a seat at the dinner.
According to Christensen, Trump reiterated his commitment to making America the cryptocurrency capital of the world during his speech at the dinner.
After Trump left, one of the dinner organizers, Bill Zanker, introduced Sun Yuchen to the attendees during his speech. In a brief address, Sun Yuchen stated that the cryptocurrency industry should support Trump, as cryptocurrency operators have been dealing with regulatory challenges for a decade. Sun Yuchen also took photos with the attendees.
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