The cost of Trump's crypto dinner šŸ½ļø

TRUMP meme coin holders paid upwards of $4.8 million each to attend the President's gala dinner—but the political cost could be higher.

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šŸ“ What you need to know

VIPs dug deep into their pockets to attend U.S. President Donald Trump’s upcoming meme coin dinner, with each wallet on the leaderboard forking out an average of almost $4.8 million in TRUMP tokens to earn their spot.

But while it may have secured them access to the exclusive reception, the political fallout from Trump’s crypto dinner continues to have reprecussions. Watchdogs and lawmakers have highlighted the potential conflict of interest, accusing the president of engaging in a ā€œnakedly corrupt self-enrichment scheme.ā€

Meanwhile, confusion has mounted around Trump-linked crypto ventures, with Trump Media’s Truth Social denying reports that it plans to launch a meme coin, and Trump-affiliated World Liberty Financial asserting that it is ā€œthe only DeFi project backed by the Trumps.ā€

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šŸ’¬ Quote of the Day

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ā€œRegulatory efforts to facilitate adoption of blockchain, let alone specific forms of it, seems a bit like the government picking winners and losers.ā€

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