Trump family's net worth has increased by $2.9 billion thanks to crypto investment

The media needs to stop pretending about Trump's 'conflicts' | Opinion

Words matter. When the media points out Trump’s “potential conflicts of interest,” as it has in recent days when describing Trump’s growing crypto enterprise, it doesn’t come close to telling the public what’s really going on — unprecedented paybacks and self-dealing by the president of the United States, using his office to make billions.

The correct word is corruption. Trump holds a private dinner at the White House for major speculators who purchase his new cryptocurrency, earning him and his allies $900,000 in trading fees in just under two days. One senator calls this “the most brazenly corrupt thing a president has ever done.”
..............................................
To describe these as “potential conflicts of interest” misses the point. A “potential conflict of interest” sounds like an unfortunate situation in which it’s possible that Trump might choose his own personal interest over the nation’s. Stated this way, the problem is the conflict.

But Trump isn’t conflicted. He repeatedly chooses his (and his family’s) interests over the nation’s. He is using the authority and trappings of the presidency of the United States to make money for himself and his family. And in his second term, this corruption is more flagrant than it was in the first.

 

Trump’s White House dinner tonight costs $1.5M to attend, and he might not even show up

President Donald Trump is hosting a dinner at the White House tonight that costs $1.5 million per person, and he might not even make it.
The event, called the “Crypto & AI Innovators Dinner,” is being held by MAGA Inc., a super PAC raising funds for Trump, who is already back in office.

The event features David Sacks, a tech investor who’s been advising on crypto and AI policy from inside Washington. This is the first of two blockchain-linked events Trump has scheduled this month, and both are pulling in big money.

The PAC hasn’t said what it plans to do with the millions it’s collecting, and Trump, despite being president again, is using outside channels to gather political support and cash. The terms of the event clearly state that it can be canceled “for any reason,” and if that happens, attendees will walk away with a Trump NFT instead of a dinner.
.....................................
Later this month, on May 22, Trump will hold another dinner — this time not for fiat-rich donors, but for holders of the $TRUMP meme coin. That event will take place at Trump National, the president’s private club in the Washington, D.C. area. The guest list won’t be curated by campaign staff or lobbyists, but by a blockchain leaderboard controlled by the coin’s creators. The contest to win a seat runs through May 12, and only the top 220 token holders will get a spot at the table.

 

are they finally going to wake up?

Congress erupts over Trump's billion-dollar crypto deal

A $2 billion crypto deal involving President Trump's family and a foreign government is threatening to derail bipartisan stablecoin legislation that Congress has been working on for months.

Why it matters: Democrats see the potential for gob-smacking corruption in Trump's lucrative crypto projects, which they consider to be the clearest conflicts of interest in a sea of new business ventures launched by the president and his inner circle.
.................................
Democrats have long accused Trump and his family of profiting from the presidency. But on two particularly brazen crypto projects, Trumpworld may have flown too close to the sun.

1. The official website for Trump's meme coin invited its top 220 investors to an "intimate private dinner" with the president later this month, with a "VIP White House Tour" offered to the top 25 holders. References to the White House were later scrubbed from the website.
2. World Liberty Financial, the Trump family's crypto venture, announced that an Emirati state-backed venture fund would use World Liberty's new stablecoin to complete a $2 billion investment in crypto exchange Binance.

 

nothing to see here..

Group of Traders Made $100M on Melania Memecoin Before It Went Public

A small group of crypto traders made nearly $100 million by buying Melania Trump’s memecoin minutes before it went public, research by the FT has shown. The first lady’s $MELANIA coin was unveiled on Jan. 19, the day before her husband was sworn in as president. It followed a similar move by Trump himself, who launched his own $TRUMP coin several days prior.

But analysis shows that in the two and a half minutes between the currency going live and Melania officially unveiling it to the public on Truth Social, two dozen digital wallets purchased tokens worth $2.6 million. Following Melania’s announcement the price of the coins surged rapidly by over 5000 percent and most of the wallets that had purchased the cryptocurrency immediately sold off their holdings, with around 81 percent of traders selling the coin within 12 hours for massive profit.

One of the wallets, the FT reports, purchased $681,000 of $MELANIA 64 seconds before the announcement was made public. Within 24 hours, the same account sold the majority of their stock for $39 million when the surge was at its highest, before dumping the rest and making an additional $4.4 million over the next three days.

 

Trump is hosting a dinner for the biggest buyers of his memecoin. The guest list is now set—and many of the winners are foreign nationals

While the leaderboard is public, the identity of each winner—obscured by pseudonymous blockchain addresses—is not. But an analysis by Fortune revealed that 18 out of these top 25 holders have interacted with Binance, a foreign crypto exchange that excludes Americans, meaning they are likely foreign nationals.
Meanwhile, some of the winners—the top 25 of whom are entitled to attend an “ultra-exclusive private VIP Reception”—have publicly identified themselves or been identified by a crypto analytics firm. Here are three guests slated to go to the “Gala Dinner,” which critics have lambasted as an unprecedented example of corruption.

With more than $18 million in Trump’s memecoin, according to Monday prices, the top spot on the leaderboard is identified simply by the name “SUN.” The crypto analytics firms Arkham Intelligence and Nansen have said that the wallet is linked to HTX, a crypto exchange for which the billionaire Justin Sun [COLOR=var(--enabled-active-emph)]serves as global adviser. [/COLOR]
The billionaire is a controversial figure in the crypto industry. Born in China, Sun founded Tron, a blockchain that hosted 58% of all illicit activity in crypto in 2024, according to a [COLOR=var(--enabled-active-emph)]report from crypto analytics firm TRM Labs. (Illicit crypto volumes on Tron, however, declined by $6 billion from the year prior.)[/COLOR]
Sun has found himself in the midst of numerous crypto debacles. Most recently, he allegedly [COLOR=var(--enabled-active-emph)]pushed crypto trade outlet CoinDesk to spike a story on how the crypto billionaire bought and ate a $6.2 million banana.[/COLOR]

 

And the Senate and HOR will remain silent.

Does an individual or a state have standing to challenge congress for failing to enforce the emoluments clause?