The Crypto industry saw Trump as a champion. Some are now afraid that he is making personal profits first. world News

Washington: It seems like a victory for a cryptocurrency industry that has long demanded mainstream acceptance: Top investors in one of President Donald Trump’s crypto projects were invited to the top investors to have food with them at their luxury golf club in northern Virginia, which leads to the head of the prolific law on the heed shoes of the Senate and the heads of the Senate. Bitcoin prices. But on Thursday night for 220 largest investors in $ trump meme coins, dinner has raised uncomfortable questions about potential shady buyers using an internet anonymity to buy access to the President. While the Democrats alleges that Trump is using the power of the presidential power to promote profits for his family business, even some Pro-Trump Crypto’s enthusiasts are worried that the President’s push in the meme coins is not helping their efforts to establish credibility, stability and validity, they were not able to bring their efforts to establish their efforts. After the Biden administration feels wrongly targeted, the industry has quickly become a major political power, donating huge amount to help Trump and Crypto-friendly MPs. But it is also served to teet the industry – sometimes uncomfortable – for a president who is using crypto as a platform, which is doing as a platform to earn money in unprecedented ways for its brand. “This is an unnecessary and an unnecessary distraction,” the President said Nick Caror at the Crypto Investment firm Castle Island Ventures, “the President said that the President is hugging us to hug” with his personal crypto businesses “. “We will do a lot that he passes the general knowledge law and leaves it.” Concerns about Trump’s Crypto Ventures predict the inaugural day in the Swani Crypto Ball, which holds the road three days before taking over from the White House on the road three days before taking charge, Trump announced the construction of Meme Sikka $ Trump to “have fun” for his supporters. Meme coins are black sheep of Crypto sector. They are often made as a joke, with no real utility and the possibility of extremely wild values ​​swings that enrich a small group of internal formulas at the cost of less sophisticated investors. The President’s meme coin is different, however, and a clear utility: access to Trump. The top 25 investors of $ Trump have been designed to attend a private reception with the President on Thursday, with a $ 100,000 crypto-theme and Trump-branded watches in the top four. Trump’s meme coin saw an initial spike in value, followed by a steep decline. A significant increase in the price was observed after the announcement of dinner competition. Its creator, which includes a unit controlled by the Trump organization, has earned hundreds of million dollars by collecting fees on trades. First Lady Melania Trump has her own meme coin, and Trump’s son, Eric and Don Jr. – who is running Trump organization, while her father is the President – announced that they are partnership with an existing firm to form a crypto mining company. The Trump family holds around 60% stake in the World Liberty Financial, a crypto project that still provides another Avenue where investors are buying and enriching the President’s relatives. World Liberty has launched its Stabelcoin, USD1. The project was recently encouraged when World Liberty announced an investment fund in the United Arab Emirates, which would use a $ 2 billion worth of USD1 to buy a stake in the world’s largest cryptocurrency exchange benns. Crypto’s rapidly growing look, Stabecrims has basically values ​​for immovable properties like the US dollar. The issuer benefits are issued by collecting interest on treasury bonds and other assets. Crypto is now one of the most important sources of the Trump family’s money. “He is becoming a salesman-in-chief,” James Tharber said, Professor Emeritus of an American university who has long studied and taught about corruption around the world. “This allows for foreign influence easily. It allows to advocate Crypto in this dinner and other ways. It allows the struggle of large -scale interests.” Trump changed his mind on Crypto “I am a big crypto fan,” Trump told reporters in the Air Force during the Middle East visit last week. “I am right from the campaign from the beginning.” This was not always true. During his first term, Trump posted in July 2019 that the cryptocurrency was “no money” and had its value “based on highly unstable and thin air.” “Irregular crypto assets can facilitate illegal behavior, including the drug trade,” he said. Even after leaving the office in 2021, Trump told the Fox Business Network that the world’s most popular cryptocurrency, “seems like a scam.” Trump started shifting to his Mar-e-Lago Club in Florida in May 2024 during a crypto event, assuring that the industry’s backers would spend grandly to re-choose them. Another major milestone came in the last June, when Trump attended the San Francisco house David Sachs in a high-dollar funder. He further heated the industry weeks later when Trump met Bitcoin at Mar-e-Lago. The following month, he addressed a major crypto conference in Nashville, which promises to create the US. “Crypto capital of the planet.” Close to Trump, including his sons and billionaire Elon Musk, helped to pursue the industry’s embrace. Sachs is now the Crypto Caesar of the Trump Administration, and several cabinet members – including Commerce Secretary Howard Lutnik and Defense Secretary PT Hegaseth – long -standing enthusiast Crypto boosters. “I don’t believe in dollars,” Transport Secretary Sean Dafi said in an interview of 2023. “I’m bullish on bitcoin.” Trump + Crypto: A political marriage of convenience was naturally wary of traditional politics many top crypto backers, but last year moved towards Trump. He aggressively brought civil suits against several major crypto companies in the Democratic President Joe Biden’s securities and the exchange commission. Ever since Trump took over, many such cases have been abandoned or halted, including that Justin Sun, a China -born Crypto entrepreneur, and his company was manipulated in the market and paid for celebrities famous for unknown promotion. Sun, who once paid $ 6.2 million for a piece of art that covers a banana tapped on a wall, and then ate banana, helped Trump start the World Liberty Financial with an initial investment of $ 75 million. Sun has revealed on social media that he is the biggest holder of $ Trump Meme coins and is participating in Thursday’s dinner. “I am excited to join everyone, talk to Crypto and discuss the future of our industry,” Sun said. Are Trump family profits hurting other crypto investors? Trump has signed executive orders promoting the industry, including calls to create a government bitcoin reserve. In March, Trump held the first Cryptocurrency summit at the White House. But some of the biggest names of the industry, often crash and vocal, have mostly placed Mam on Trump’s meme coins and other projects. “This is not really my place to comment on President Trump’s activity,” Coinbase CEO Brian Armstrong recently said at a public event. Meanwhile, a top legislative priority for crypto-bakers, a bill clarifies how digital assets have to be regulated, is advanced in the Senate. But some Democrats have tried to stop the other supporting-crypto law on the President’s personal behavior. “The Massachusetts’ Democratic rape said during the hearing of a controversial Sadan earlier this month,” A sitting President has violated morality laws at any time in American history. ” The White House raised questions about the people present in the food of the Trump organization, who did not provide a list of who is coming. White House spokesman Anna Kelly said in a statement, “The President is working to secure good deals for the American people, not for himself.” In addition to the sun, however, some attendees have qualified for dinner. Another shelden will be Zia, the founder of a Cryptocurrency Exchange called Bitmart who is registered in the island of Keman. “President Trump’s supporter-Crypto is proud to support vision.” Zia has written on social media in both English and Chinese. Government and ethical expert Thurbar said that Trump’s “individual focus on Crypto in this dinner helps in the Crypto industry.” “But this is also risky,” he said, “because they can all lose a lot of money.”