Latest news with #TrumpMemecoin
Yahoo
25-05-2025
- Business
- Yahoo
Trump Gala Dinner Saw President Wine And Dine Top Memecoin Holders As Protestors Flashed 'Don The Con' Signs — Exclusive
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Amid protests and ethical concerns, President Donald Trump hosted a private dinner for the top buyers of his Official Trump (CRYPTO: TRUMP) memecoin on Thursday. What happened: Trump landed at his private golf club near Washington, D.C., via helicopter to spend the evening with his VIP guests, including cryptocurrency millionaire and Tron (CRYPTO: TRX) founder Justin Sun, the meme coin's top holder. In a series of visuals shared with Benzinga by another invitee, Morten Christensen, founder of Trump can be seen addressing his guests, with an elegant indoor dining setup, complete with wine glasses, cutlery, and a menu card, in the background. Trending: — no wallets, just price speculation and free paper trading to practice different strategies. Source: Morten Christensen The pictures also showed protesters outside the arena holding placards with phrases such as 'Democracy Not Kleptocracy' and 'Don The Con." Source: Morten Christensen While the top 220 holders dined with Trump at the club, the top 25 holders have been promised access to a VIP reception and White House tour, as well as limited-edition commemorative non-fungible tokens. Source: Morten Christensen Sun said on X that he was awarded a Trump Golden Tourbillon watch by the POTUS. Why It Matters: The controversy surrounding the dinner has been escalating since it was announced last month. Democrats and even some pro-Trump crypto enthusiasts have voiced concerns about potential conflicts of interest and the possibility of shadowy buyers gaining access to Trump through such events. Trump has refuted claims that he is financially benefiting from the venture. Christensen secured a spot at the exclusive dinner by paying just $1,200. His strategy involved buying the Trump memecoin and shorting the exact same amount, resulting in a market-neutral position. This essentially meant that they just paid trading fees. Interestingly, Christensen told Benzinga that he did not favor presidents or heads of state getting linked to speculative investments. "If promoting a stock you own is a legal issue, the same logic should apply to crypto. There's too much potential for conflict of interest," he said. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Feature Photo Courtesy: Morten Christensen Send To MSN: Send to MSN This article Trump Gala Dinner Saw President Wine And Dine Top Memecoin Holders As Protestors Flashed 'Don The Con' Signs — Exclusive originally appeared on Sign in to access your portfolio
Bloomberg
23-05-2025
- Business
- Bloomberg
Filet Mignon, Trump-Branded Watches and Protests at Memecoin Dinner
Last night 220 of the top holders of the $Trump memecoin were invited to attend a special event with the president. Bloomberg's Zeke Faux, who's written about cryptocurrencies' rise and fall, was there for the arrivals. Plus: The latest edition of the Everybody's Business podcast, and 10 books that should be on your summer reading list. If this email was forwarded to you, click here to sign up. Programming note: The Businessweek Daily will be off for Memorial Day. See you Tuesday.
Bloomberg
16-05-2025
- Business
- Bloomberg
Trump's Crypto Project Pushes Back on Senate Inquiry
Attorneys for Donald Trump's World Liberty Financial crypto project pushed back against claims about potential conflicts of interest raised by the Democratic head of a Senate investigative subcommittee. 'The company has exercised rigorous diligence to ensure compliance with applicable legal and regulatory obligations at every stage,' World Liberty lawyers wrote in a letter dated May 15. The crypto project also denied there is any affiliation with Fight, Fight, Fight, LLC, the firm that launched the Trump memecoin, and its chief executive officer, Bill Zanker.
Bloomberg
16-05-2025
- Business
- Bloomberg
Trump's Crypto Project Pushes Back on Senate Panel Inquiry
Attorneys for Donald Trump's World Liberty Financial crypto project pushed back against claims about potential conflicts of interest raised by the Democratic head of a Senate investigative subcommittee. 'The company has exercised rigorous diligence to ensure compliance with applicable legal and regulatory obligations at every stage,' World Liberty lawyers wrote in a letter dated May 15. The crypto project also denied there is any affiliation with Fight, Fight, Fight, LLC, the firm that launched the Trump memecoin, and its chief executive officer, Bill Zanker.
