Donald Trump: Donald Trump's crypto plan: This is how the U.S. president raises millions of dollars in May
Cryptocurrency-focused events in May
On Monday, May 5, Maga Inc. hosted “Crypto and AI Innovators Dinner” with fundraising raising as much as $1.5 million per board, the most expensive NBC News recently.
The event will feature David Sacks as a special guest, while also aiming to help the Trump administration rewrite cryptocurrency and AI rules.
Super PAC Maga Inc., which supports Donald Trump, is the committee that will receive funding. As of now, it is unclear how it plans to spend millions of dollars on the money raised through a series of dinners, as Trump is currently in a row and cannot seek a third term.
Also Read: Why does Trent Alexander-Arnold leave Liverpool and plan to join Real Madrid?Amid Sacks' rising influence in the country, the crypto community has criticized and credited him along with other appointments, who are allies of Trump, for their sweeping policy shift that has led to several regulatory changes across various federal agencies.Post Monday's event, the second event is scheduled for May 22 and will provide access to the US President's inner circle, especially the ones who hold the $TRUMP token, the NBC News report stated.
The dinner will be held at Trump National, his private club in Washington, D.C., and will run until May 12, with the event’s guest rosters determined by a blockchain-based contest held by the $trump trump Meme Meme Token creator.
The first 220 people will be provided with an essential dinner based on how many tokens a person holds and together with the US president.
Of these, a special “VIP White House Tour” will be provided to 25 largest Trump holders, accompanied by the reception.
An active ranking runs on the official website where people can watch the names of top buyers of meme coins.
Donald Trump faces criticism from $Trump campaign
Trump has been criticized by some organizations including callsable.us before the May 22 event.
The oversight organization is known for exploring political and corporate influence, calling the game “the most corrupt self-inculcation program in the history of the U.S. president.”
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It claims that this type of activity provides wealthy donors with the opportunity to meet with the president, enriching Trump and his family evenly on an individual basis.
Since crypto wallets are pseudonyms, it is almost impossible to make independent confirmations of the highest holder. This is only possible if the holder publicly discloses the wallet address.
FAQ
Who controls Trump’s supply?
The project's official website notes that the Trump Organization and its branches care for nearly 80% of people.
$How many has Trump been lately?
It has witnessed over 50% jump since the announcement of the event. Chainalysis noted that after its launch in January, the transaction fees for insiders exceeded $324 million.
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