At Trump’s $148 million meme coin dinner, ‘the food sucked,’ attendee says

The coin price of President Donald Trump was submerged at 16% from Friday morning, only a few hours after organizing a black tie gala in his Virginia golf club for his largest buyers, a multitude of elite that spent $ 148 million combined in the Token to have the opportunity to be there.

It was announced as “the most exclusive invitation in the world.”

Among the 220 attendees were cryptographic influencers, industry executives such as Sandy Carter of unstoppable domains, and former NBA star Lamar Odom, who used the occasion to praise Trump “The Best President” and promote her ODN.

The 25 main wallets were promised a private reception and a guided tour. Others, like Nicholas Pinto-Pinto, whose dad, took him to the event in his Lamborghini-Lft disappointed and still hungry.

“The food stinks,” Pinto said. “It wasn’t a drink that is not water or Trump wine. I don’t drink, so I drink water. My glass was only filled once.”

Trump made only an appearance in the letter, Pinto said. “Hey, he didn’t talk to any of the 220 guests, maybe Top 25,” he said.

In all, the president was there for 23 minutes, Pinto said. Trump delivered a letter address that remakes the old cryptography conversation points and then went on a helicopter before taking any question or image with the winners of the meme coins contest, he said.

The phones were not locked in RFID bags, and safety was lax, according to Pinto.

“Once Trump left, they really didn’t worry about anything else,” Pinto added.

The opulence of the crowd was in full exhibition.

“Richard Mille Watches are simply strange,” Pinto said. “I saw at least 16 people who used them. I never see that unless it is in a high -end restaurant in Miami or Dubai.”

But the atmosphere was quieter than expected, he said: “Many people no longer had the currency. They were reviewing their phones duration to see if the price moved.”

CNBC has communicated with Trump’s representatives to comment on dinner and attendees.

For legislators and regulators, dinner triggered alarms.

The head of Tokens #1 was the cryptographic magnate of born in China, Justin Sun, who currently faces fraud charges from the stock exchange and values ​​that were recently stopped, and the agency cited “the public interest.”

Sun owns more than $ 22 million in the $ Trump token and another $ 75 million in the Native Token of World Liberty Financial.

“As the main holder of $ Trump and proud supporter of President Trump, it was an honor to attend Trump’s gala dinner,” Sun published Friday. “Thank you @potus for your unwavering support for our industry!”

Outside the National Golf Club of the doors of Trump in Potomac Falls, Virginia, about one hundred protesters gathered, according to NBC News. Senator Jeff Merkley, D-OR.

The signs read “Crypto Corruption” and “Trump is a traitor”.

“The activity of the Trump family in Memecoin’s space makes my work in Congress more complicated,” said representative French Hill, a pair republican, CNBC on Friday.

Hill, who leads the negotiations on a project of regulation of bipartisan stable known as the genius law, described the gala “a distraction of the good work we must do”.

Now, Genius law is at risk.

Senator Josh Hawley, Republican of Mo., recently added a controversial pilot to the bill that would limit late credit card, which looks like a poisonous pill that could alienate bank allies and stop the final approval.

On Thursday night, when the dinner of the Meme Coin Contest was underway, a block of Senate Democrats announced that they are pressing for a new disposition that would be presidents and senior officials to benefit from crypto companies while they are stable for Trumpain.

In Washington, there are growing political struggles of Conern about Trump’s cryptocurrencies that companies could derail the Stablecoin bill completely. That raises an even greater risk.

According to the Wall Street Journal, the main banks that include JPMorgan” Bank of America and Citi In the first conversations they are in conversations to issue a unified digital dollar to compete with Tether, the stablecoin controlled on the foreigner that now has more than 60% of the participation in the global market.

Those plans depend on legal clarity.

If the genius law stops, the United States could lose its window to recover ground in the global race for digital payments.

The White House has tried to draw a line between Trump, the president and Trump, the private businessman.

“The president assists him in his personal time. It is not a White House dinner,” said press secretary Karoline Leavitt to journalists when they are pressed on the transparency of the attendees.

The administration refused to publish a guest list. But blockchain data, and a mosaic or invited photos, are part of the story.

A Bloomberg News analysis discovered that all but six of the 25 main wallets used foreign exchanges, Ostesiberty Offlording to users. More than half of the 220 main wallets were linked to similar at the high seas.

A penny stock that is located in Nasdaq, Freight technologiesrevealed in a SEC that fills that spent $ 2 million on the Trump card to boost US-Mexico commercial policy. He did not make the cut for dinner, finishing 250º.

Since its debut in January, the $ Trump currency has generated more than $ 324 million in negotiation rates. Approximately 80% of the Trump tokens supply is controlled by the Trump organization and the affiliates, according to the project website.

WLFI, Trump’s parallel token has sold $ 550 million in two tokens sales.

Even so, the AI ​​of the White House and the Cryptographic Tsar David Sacks remained optimistic with the “significant bipartisan support” for Stablcoin’s legislation.

“We already have about $ 200 billion in Stablcoins, it is not regulated only,” Sacks told “Closing Bell Fill Time” from CNBC on Wednesday. “If we provide legal clarity and the legal framework for this, I think we could create billions of dollars of demand from our treasurers practically during the night, very quickly.”

“We have all the expectations now that it will happen,” added Sacks, although he did not answer a question about the concerns of the Democrats that there are not enough safeguards to prevent the president and his family from benefiting from the legislation.

While Sacks sold $ 200 million in cryptography -related holdings before taking his work from the White House, according to a dissemination presentation, Trump and his family have been inclined to build a cryptographic empire.

The triumphs are financial sponsors of World Liberty Financial, which is behind the USD1 stablcoin that is backed by treasure and dollars.

ABU Dhabi’s MGX Investment Fund recently promised $ 2 billion in USD1 to Binance, the exchange of larger digital assets in the world. It is the largest investment of the company made in Crypto.