The attempt to drum up new interest in the token by selling access to Trump seems to have worked, with most attendees purchasing tokens only after the announcement. Trump is profiting from both trading fees and price appreciation.
This is only the latest in a series of crypto ventures enriching Trump while creating unprecedented conflicts of interest, as the president simultaneously shapes crypto policy and intervenes in regulatory actions. Even some of his most ardent supporters are getting uncomfortable.
![The $TRUMP dinner represents the latest in a series of crypto ventures that have enriched Trump and his family while creating unprecedented conflicts of interest, as the president simultaneously shapes crypto policy and intervenes in regulatory actions. Even prior to its transformation into a dinner invitation, ethics watchdogs and legislators alike sounded the alarm over the memecoin as “the single worst conflict of interest in the modern history of the presidency”.8 Now, even some of Trump’s biggest allies are getting uncomfortable, with Republican Cynthia Lummis admitting the dinner “gives [her] pause”.9 Democrat Jon Ossoff, speaking at a town hall, commented that “granting audiences to people who buy his memecoin” is “no question ... an impeachable offense.”](/proxy/post_attachment/494740/900c457f00.png "The $TRUMP dinner represents the latest in a series of crypto ventures that have enriched Trump and his family while creating unprecedented conflicts of interest, as the president simultaneously shapes crypto policy and intervenes in regulatory actions. Even prior to its transformation into a dinner invitation, ethics watchdogs and legislators alike sounded the alarm over the memecoin as “the single worst conflict of interest in the modern history of the presidency”.8 Now, even some of Trump’s biggest allies are getting uncomfortable, with Republican Cynthia Lummis admitting the dinner “gives [her] pause”.9 Democrat Jon Ossoff, speaking at a town hall, commented that “granting audiences to people who buy his memecoin” is “no question ... an impeachable offense.”")
@molly0xfff Remember when we were worried about him benefiting from the Old Post Office hotel in DC the first time around?🤪
The guy who could bankrupt casinos was never going to get super rich from foreign dignitaries staying at his hotel, this made up money scheme is a gold mine!