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President Donald Trump has two dinners focused on the crypto this month – one targeting political donors with a deep pocket, the other at the same corner that is. Both are about to help him rakes up millions.
The first event, a collection of funds of $ 1.5 million to the plate set for Monday, is one of the most expensive political fundraising collections. The second, May 22, offers access to the interior circle of Trump not for species – but for holders of the $ Trump token.
Hosted by Maga Inc., the “dinner of Crypto & AI innovators” on May 5 presents the special guest David Sacks – who helped rewrite the rules of crypto and artificial intelligence in the country.
The Committee receiving the funds, Maga Inc. is a Super CAP who supports Trump, but the president is constitutionally prohibited to present himself to a third term. We do not know how the CAP plans to spend the millions of dollars he collects this spring in a series of dinners.
The cryptographic community has applauded the growing influence of Sacks to Washington, creating it as well as other people named by Trump with a change in radical policy which has already delivered a series of regulatory victories in several federal agencies – in what many industry executives describe as a pivot of 180 pivots by President Joe Biden.
The second gala dinner will take place at the Trump National, the president’s private club in the Washington region, DC, later this month. The list of guests will be decided by a competition based on the blockchain organized by the creators of the token even $ Trump. Instead of money, the entrance is based on the number of tokens that a user has, with the 220 best dinner promised with Trump himself. The competition takes place until May 12.
The Gala, which is an optional black tie, offers a “VIP White House” tour and a special reception at the 25 most holders of the same corner. The website hosts an active ranking displaying user names for the best buyers in the room.
Responsible, a center -left surveillance group which is investigating the influence of businesses and policies, described the classification competition as “the most naked self -enrichment program in American presidential history”, warning that it opens the door to the rich donors – including potentially foreign actors – to buy access to the president, while personally enriching the Trump family.
Because cryptographic portfolios are pseudonymous, unless an holder has publicly disclosed their portfolio address, it is difficult to independently confirm the identity of the best tokens holders who are currently directing the competition.
In January, for example, the crypto entrepreneur Justin Sun increased his participation in another cryptography project linked to Trump. The founder of Tron Blockchain revealed that he has $ 75 million in World Liberty Financial token. A judicial The following month showed that Sun and Securities and Exchange Commission explored a resolution to the regulator Case of civil fraud Against the Crypto entrepreneur.
The small print of the $ Trump competition do not guarantee access to the president.
According to the site Terms and ConditionsTrump may not be able to attend and the event can be canceled “for any reason.” In this case, they will get a NFT trump instead.
However, the competition has supervised the medal demand – and bordered the pockets of its creators. The $ Trump token jumped more than 50% after the gala announcement, strengthening the value of the paper of the portfolios controlled by the initiates and the first donors.
About 80% of the $ Trump tokens offer is controlled by the Trump organization and the affiliates, according to the project website.
Since its launch in January, commercial activity has generated more than $ 324 million in negotiation costs against initiates, the analysis channel has revealed. These costs are generated by the integrated token mechanism which sees a percentage of each profession to portfolios controlled by the project – portfolios which, according to the website, are linked to the creators of the room.
The initiates, however, agreed to delay the collection on their share of tokens for at least 90 other days, according to public disclosure of the project.
