logo
Inside Trump's big-spender meme coin dinner: Presidential seal and food that looked ‘worse than Spirit Airlines'

Inside Trump's big-spender meme coin dinner: Presidential seal and food that looked ‘worse than Spirit Airlines'

Independent23-05-2025
A black-tie gala thrown for the top 220 buyers of Donald Trump's meme coin Thursday night at his Virginia golf club featured the president flying in on Marine One and speaking at a lectern emblazoned with the presidential seal, despite the White House arguing that it was a 'private' event and he was 'attending it in his personal time.'
But while the event prompted ethics experts to warn that Trump has crossed a line by potentially profiting directly from his presidency while simultaneously allowing crypto enthusiasts and others to buy access to the office, leaked footage and reports from inside the event reveal that some attendees came away highly disappointed.
Particularly over the meal, which left a lot to be desired. While the menu for the evening was a filet mignon with demi-glaze and pan-seared halibut with a citrus reduction, what was served to the guests wouldn't have looked out of place at Ikea — albeit served on dinner plates emblazoned with a gilded 'Trump Washington, D.C.' logo.
'It was the worst food I've ever had at a Trump golf course,' TikTok personality Nick Pinto, who gained entry by investing $300,000 in the Trump family cryptocurrency, told Wired. 'The only good thing was bread and butter.'
While Pinto said he left the gala hungry, another attendee also gave subpar marks for the food.
'OK, but not top-class,' the guest reviewed the fare served him at the Trump National Golf Club.
After Wired reporter Matthew Champion posted a picture – shared with him by one of the attendees – of a sad plate of food served at the event, it didn't take long for the mockery to go into full swing.
'I've had better food on Spirit Airlines,' snarked CNBC correspondent Steve Kovach, who was not at the event, referencing the discount airline.
Indeed, the photo showed a minuscule portion of food on the large, white-with-gold-leaf Trump plate. A handful of orange sticks – perhaps carrots – sat alongside a lonely slice of squash, while it appeared an ice cream scoop was used to add a dollop of yellow mashed potatoes on the dish. The small piece of halibut looked more like dry chicken, and the filet was covered in brown gravy but still appeared extremely overcooked.
'[T]hey used the catering service from the fyre festival lol,' The Ringer senior staff writer Joel Anderson reacted, invoking the fraudulent 'luxury' music Fyre festival that resulted in a prison sentence for its organizer who had promised gourmet food and accommodations to a Bahamas music festival that in reality amounted to slices of cheese on white bread and flimsy, leaking tents.
Of course, the guests weren't at Trump's gala for the food – they were hoping to get some face time with the leader of the free world. But that, too, brought about some disappointment from those gathered.
After Trump arrived at the golf course via his presidential helicopter, he delivered a 25-minute by-the-numbers speech that only briefly touched on cryptocurrency.
'I think it's really got a great, great future,' Trump said in one clip shared online. 'I think you're on the cutting edge. Everyone think it is just the beginning. And I can just say that we are, we're believers in the whole administration. We're big believers.'
In a separate clip shared by Justin Sun, a Chinese billionaire known for his publicity stunts who has spent more than $20 million on the $TRUMP meme coin, the presidential seal was clearly visible on Trump's lectern.
White House press secretary Karoline Leavitt had previously tried to head off any criticism over the gala, which included The Wall Street Journal editorial board accusing Trump of using his office to enrich himself and his family, by merely insisting it wasn't an official event.
Asked during Thursday's press briefing about the likelihood that most of the top buyers were foreign investors and whether the administration would publish a list of the attendees so the public knew who was buying access to the president, Leavitt said: 'The president is attending it in his personal time. It is not a White House dinner, it's not taking place here at the White House.'
She also grumbled that it was 'absurd for anyone to insinuate that this president is profiting off of the presidency.'
Since the meme coin's debut in January, Trump's businesses have made over $300 million in sales and $43 million in total fees, according to a Washington Post analysis. After the dinner was announced last month, Trump and his business partners have brought in over $3 million in transaction fees alone.
Sun, meanwhile, was charged in 2023 by the Biden-era Securities and Exchange Commission with fraud and market manipulation. Those charges were put on hold by Trump's SEC after Sun invested $75 million in another Trump family crypto project, World Liberty Financial.
While neither the White House nor the gala organizers made the list of the 220 top buyers public and the event was closed to the press, raising additional ethical concerns over the secrecy, Sun said that he topped the buyer leaderboard.
'The contest to attend the crypto dinner ran from April 23 to May 12, and it was not immediately clear how much the meme coin buyers paid to attend the event,' the Washington Post reported. 'The top 25 on an online leader board set up by the Trump-affiliated business to rank their spending hold a total of $140 million in Trump coins.'
While the top 25 on the list were invited to an 'ultraexclusive private VIP reception,' it appeared that the president only spent a short amount of time at the event and didn't even stick around to hand out prizes to the top purchasers of his cryptocurrency.
'Trump could have at least given the top people their watches himself,' Pinto groused. 'He didn't.'
While some attendees told Wired that their overriding memory of the event would be the 'warm welcome' they received as the gala kicked off, walking into the dinner was a whole different story.
Guests, which included one-time NBA star and Kardashian beau Lamar Odom, were greeted by a horde of booing protesters who chanted 'shame, shame, shame' while holding up signs that read 'Stop Crypto Corruption' and 'Don the Con.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Dollar braces for busy week of geopolitics and Fed speak
Dollar braces for busy week of geopolitics and Fed speak

Reuters

time14 minutes ago

  • Reuters

Dollar braces for busy week of geopolitics and Fed speak

SINGAPORE, Aug 18 (Reuters) - The dollar dithered on Monday ahead of a key meeting between U.S. President Donald Trump and his Ukrainian counterpart Volodymyr Zelenskiy, while investors also looked ahead to the Federal Reserve's Jackson Hole symposium for more policy clues. Currency moves were largely subdued in the early Asia session, though the dollar steadied after last week's fall as traders further pared back bets of a jumbo Fed cut next month. The euro was little changed at $1.1705, while sterling edged up 0.07% to $1.3557. Against a basket of currencies, the dollar advanced slightly to 97.85, after losing 0.4% last week. Markets are now pricing in an 84% chance the Fed would ease rates by a quarter point next month, down from 98% last week, after a raft of data including a jump in U.S. wholesale prices last month and a solid increase in July's retail sales figures dimmed the prospect of an oversized 50-basis-point cut. "While the data don't all point in the same direction, the U.S. economy looks to be in okay shape in the third quarter," said Bill Adams, chief economist at Comerica Bank. "The Fed is likely to cut interest rates by year-end, either in September, when markets now price in a cut, or a few months later, when Comerica forecasts a cut." The main event for investors on Monday is a meeting between Trump and Zelenskiy, who will be joined by some European leaders, as Washington presses Ukraine to accept a quick peace deal to end Europe's deadliest war in 80 years. Trump is leaning on Zelenskiy to strike an agreement after he met Kremlin chief Vladimir Putin in Alaska and emerged more aligned with Moscow on seeking a peace deal instead of a ceasefire first. Also key for markets this week will be the Kansas City Federal Reserve's August 21-23 Jackson Hole symposium, where Fed Chair Jerome Powell is due to speak on the economic outlook and the central bank's policy framework. "I think (Powell) will also talk about the current economic conditions in the U.S., and that will be more policy relevant, that will be more interesting to markets," said Joseph Capurso, head of international and sustainable economics at Commonwealth Bank of Australia. "Given market pricing is very high for a rate cut in September, I think the risk is that Powell is hawkish, or is perceived to be hawkish, if he gives a balanced view of the U.S. economy." In other currencies, the dollar rose 0.11% against the yen to 147.34 , after falling roughly 0.4% last week. Japan's government on Friday brushed aside rare and explicit comments from U.S. Treasury Secretary Scott Bessent who said the Bank of Japan was "behind the curve" on policy, which appeared to be aimed at pressuring the country's central bank into raising interest rates. The Australian dollar was up 0.1% at $0.65145, while the New Zealand dollar rose 0.15% to $0.5934, after falling 0.5% last week.

Starmer and European allies travel to Washington with Zelensky for crunch talks
Starmer and European allies travel to Washington with Zelensky for crunch talks

Glasgow Times

time17 minutes ago

  • Glasgow Times

Starmer and European allies travel to Washington with Zelensky for crunch talks

The Prime Minister and six other political leaders will travel to Washington DC on Monday, with the aim of protecting Ukraine from having to submit to Russian land grabs as a price for peace. Those joining Sir Keir include France's Emmanuel Macron, Germany's Friedrich Merz, Italy's Giorgia Meloni and Alexander Stubb, president of Finland. French President Emmanuel Macron, German Chancellor Friedrich Merz and Prime Minister Sir Keir Starmer will form part of the delegation heading to Washington DC (Kin Cheung) Nato chief Mark Rutte and European Commission president Ursula von der Leyen are also attending. Mr Zelensky is expecting to face calls from the US president to concede to full Russian control of Donetsk and Luhansk, two mineral-rich regions of Ukraine that are mostly occupied by Vladimir Putin's forces. In exchange for these demands, the Russian president would reportedly withdraw his forces from other areas of Ukraine and accept a Nato-like guarantee that Ukraine would be protected from further incursion. The European leaders have said it is up to Ukraine to decide how it wishes to end the war, and hailed Mr Zelensky's commitment to a peace that is both 'just and lasting'. Mr Trump has appeared to drop his calls for a ceasefire after a summit in Alaska with his Russian counterpart on Friday. Mr Putin has long refused to agree to a ceasefire as a precondition for talks to end the war, prompting fears that Russia could continue gaining ground in Ukraine as negotiations take place. The US president has instead said he wants to focus a long-term peace deal, though his secretary of state Marco Rubio has signalled a deal is 'still a long ways off'. US President Donald Trump appeared to drop calls for a ceasefire following a summit with Russian President Vladimir Putin in Alaska (Gavriil Grigorov, Sputnik, Kremlin/AP) There will be 'additional consequences' for Russia if it does not agree to a peace deal, Mr Rubio added, though he suggested fresh financial sanctions would be unlikely to force Mr Putin to the negotiating table. Ms von der Leyen suggested at a press conference on Sunday that both a ceasefire and a peace deal would have the same impact: to 'stop the killing'. Appearing alongside her, Ukraine's Mr Zelensky appeared to agree, though he also signalled his preference for a ceasefire. 'It's impossible to do this under the pressure of weapons. So it's necessary to cease fire and work quickly on a final deal,' he said. European leaders are also keen to hear from Mr Trump after he signalled he would provide a security guarantee to the coalition of the willing. The coalition, which is aimed at deterring future Russian aggression once peace is agreed, has argued it needs an American backstop, likely in the form of air support, to succeed. The Ukrainian president will accompany members of the coalition of the willing to the US capital (Ben Stansall/PA) Over the weekend, Sir Keir was among the leaders who welcomed suggestions from Mr Trump that he was open to providing a guarantee, but details of what support would be provided were scant. Following a meeting of the coalition on Sunday afternoon, a Downing Street spokesman said Sir Keir praised Mr Zelensky's desire for a 'just and lasting peace' in Ukraine. Leaders of the coalition 'reaffirmed their continued support to Ukraine' at the meeting chaired by the PM and Mr Macron, No 10 added. The French president, meanwhile, said the European delegation will ask Mr Trump to back its plans to bolster Ukraine's armed forces. Ahead of their Oval Office encounter, the allies are likely to be mindful of the previous occasion Mr Zelensky visited Mr Trump in the White House. February's public spat, which saw Vice President JD Vance accuse Mr Zelensky of not being thankful enough to the US, resulted in American aid to Ukraine being temporarily halted.

Times letters: Alaska summit leaves Trump and Europe exposed
Times letters: Alaska summit leaves Trump and Europe exposed

Times

time33 minutes ago

  • Times

Times letters: Alaska summit leaves Trump and Europe exposed

Sir, The Alaska summit (news, Aug 16) led to no ceasefire, no peace and no justice. It was stagecraft masquerading as statecraft. Yet it also laid bare the collapse of American leadership. The United States has allowed President Putin to move from pariah to partner, providing a blow to the foundational principle of the postwar order: that wars of aggression bring isolation, not legitimacy. By entertaining Russia's territorial demands, America has dangerously shifted the boundaries of what is acceptable. The core rule that borders must not be changed by force has been abandoned. President Trump now stands exposed. His threats are never followed by action. He talks tough but always blinks, and rhetoric without resolve deters no one. Putin left Anchorage unpunished, with sanctions once again only threatened. Meanwhile, President Zelensky has been undermined by the ally that once pledged solidarity. If the US will not bear the burden of leadership, Europe must rediscover its resolve. Ukraine must not be abandoned to tyranny. Richard A Edwards Senior lecturer in law, University of Exeter

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store