Latest news with #GetTrumpMemes
04-06-2025
- Business
Trump's sons distance themselves from new Trump-branded crypto venture
A digital asset company has collaborated with the firm behind President Donald Trump's $TRUMP meme coin to launch what it's calling the "Official $TRUMP Wallet" -- but the president's sons, who run Trump's crypto businesses, say they have no involvement with the offering. In a post on X Tuesday, Jack Lu, the CEO of a digital asset marketplace called Magic Eden, said his firm had collaborated with GetTrumpMemes -- the firm behind the $TRUMP meme coin -- on $TRUMP Wallet, a digital app that allows users to conduct financial transactions. Lu said the venture would allow users to trade the $TRUMP coin and other cryptocurrencies. But within hours, Eric Trump wrote on social media that "I run @Trump and I know nothing about this project!" Donald Trump Jr. added that he "has zero involvement with this wallet product," and teased plans for a separate digital asset wallet under a different Trump-affiliated crypto firm, World Liberty Financial. Despite those disavowals, the $TRUMP Wallet that launched Tuesday claimed to be the "First and Only Crypto Wallet for True Trump Fans." "Our partnership with the $TRUMP team to build @TrumpWalletApp represents our commitment to onboarding mainstream audience deeper into crypto," Lu wrote on X. ABC News has reached out to Magic Eden for clarification on the venture. As of Tuesday afternoon, X -- the social media company run by Trump ally Elon Musk -- had suspended the account for @TrumpWalletApp. It was not immediately clear why the account was removed. The $TRUMP Wallet website contains little information about the platform itself, but invites visitors to sign up for a waitlist ahead of a formal launch at some later date. Joining the waitlist also allows users to enter a sweepstakes for a share of $1 million worth of $TRUMP rewards. Once a crypto skeptic, Trump and his family have fully immersed themselves in the cryptocurrency marketplace in recent months, developing not only the $TRUMP meme coin -- a type of digital currency that's often based on an internet meme -- but also a bitcoin mining firm, a stablecoin firm, and a crypto reserve. Last month Trump held a black tie event for the winners of a contest that awarded invitations to the top investors in his $TRUMP coin -- with at least some of the funds flowing directly into the Trump family's coffers. Critics have raised concerns about the Trump administration's regulatory role over cryptocurrencies while the president stands to personally benefit from cryptocurrency ventures. Asked Tuesday about the potential conflicts of interest in the Trump family's nascent crypto empire, Donald Trump Jr. said on CNBC that the family "got into [crypto] out of necessity," claiming the Trump family had been "de-banked." "We got into politics and all of a sudden [the banks] wouldn't take our call," he said. "We went all in on a concept that makes total sense because we'd actually been the recipients of how quickly that can be shut off."
The Herald Scotland
24-05-2025
- Business
- The Herald Scotland
Trump speaks with presidential seal at crypto dinner billed as private
Trump's official @GetTrumpMemes site promoted the dinner on May 5, saying, the "President of the United States is having Dinner with his top $TRUMP Coin holders. Who does that? Only The Crypto President." Ethics watchdogs blasted Trump for hosting the dinner that included former NBA star Lamar Odom and where investors spent an estimated $148 million on the $TRUMP meme coin to secure their seats, according to crypto intelligence firm Inca Digital. About 100 protesters across the street from Trump National Golf Course Washington D.C. in Sterling, Virginia, held signs with messages such as "Stop Crypto Corruption" and "Release the guest list." More: Trump's crypto dinner: Black ties, a Chinese billionaire and ethics questions "This is one of the most blatant and appalling instances of selling access to the presidency I've ever seen," said Donald Sherman, executive director and chief counsel of Citizens for Responsibility and Ethics in Washington. The Securities and Exchange Commission sued Sun and his companies - Tron Foundation, BitTorrent Foundation, and Rainberry - in March 2023. But under the Trump administration the SEC asked for the case to be put on hold in February to explore a resolution. More: Ex-NBA player Lamar Odom met with boos from hecklers at Trump's crypto dinner White House press secretary Karoline Leavitt told reporters the dinner was a private rather than public event. "The president is attending it in his personal time," Leavitt said. "It's not a White House dinner." She dismissed questions about the ethics of holding the dinner for people who invested in his crypto coin. "The president is abiding by all conflict of interest laws that are applicable to the president," Leavitt said. "The American public believe it is absurd for anyone to insinuate that this president is profiting from the presidency." Contributing: Reuters
Business Insider
23-05-2025
- Business
- Business Insider
Crypto billionaire Justin Sun says he received a $100k Trump-branded watch at the president's meme coin dinner
Crypto billionaire Justin Sun said he received a $100,000 Trump-branded watch at President Donald Trump's meme coin dinner at at the Trump National Golf Club golf club outside of Washington DC on Thursday. The top 220 holders of the token were to invited to the event. Photos and video of the event show Sun posing with his fellow attendees. He signed a print-out of a leaderboard showing he was first among the top 220 Trump coin holders. Sun said he was gifted a Trump Tourbillion watch, which retails for $100,000, another of the president's private business interests that remain ongoing during his second term. The top 25 holders were treated to a more intimate reception with Trump. "I really appreciate, like, everything the Trump administration has done to our industry," Sun said in a video that he reposted on X. "As the president said right before, so like, basically, like, 100 days ago, like, they go after crypto people like everywhere. That's impossible for us to have such beautiful events in DC." As the top holder of $TRUMP and proud supporter of President Trump, it was an honor to attend the Trump Gala Dinner by @GetTrumpMemes. Thank you @POTUS for your unwavering support of our industry! #MakeCryptoGreatAgain 🇺🇸 — H.E. Justin Sun 🍌 (@justinsuntron) May 23, 2025 In a separate post, Sun shared a video showing him walking into the Eisenhower Executive Office Building, where top White House officials work. The White House did not respond to a question about whom Sun met with. In 2023, the Securities and Exchange Commission charged Sun with fraud, accusing him of manipulating the market for Tronix or TRX crypto. In February, after Trump took office, the SEC paused its investigation. Sun, who Forbes estimates is worth $8.5 billion, has other ties to the Trumpworld. Before buying the meme coin, he invested $75 million in World Liberty Financial, a crypto projected connected to the president and his sons. The White House previously said that it had nothing to do with the event. The dinner was held at Trump's private golf club outside of Washington, where he spoke from behind presidential podiums. Trump stands to make millions off of the coin. According to the $Trump coin website, the Trump Organization and affiliated entities control 80% of the meme coin. First Lady Melania Trump has her own coin, too. Sun has spent millions to participate in other headline-grabbing events. He shelled out $4.6 million to have lunch with Warren Buffett, $6.2 million to eat a duct-taped banana, and a staggering $28 million to fly on Jeff Bezos' Blue Origin (though Sun has yet to blast off).
India Today
21-05-2025
- Business
- India Today
Trump to host gala dinner for top meme coin holders as Bitcoin hits record high
US President Donald Trump is scheduled to host a private dinner for top holders of his TRUMP meme coin this Thursday at the Trump National Golf Club in Washington, D.C. The guest list could include up to 220 of the leading meme coin investors, though the exact number remains unclear. According to a report by Bloomberg, the top 25 holders will receive a special tour of the White House during an "exclusive reception." All attendees reportedly had to undergo background checks prior to the Bloomberg report also revealed that 19 of the top 25 holders are based outside the United States, raising concerns over national security and ethics. Among the confirmed attendees is Justin Sun, the contentious founder of the Tron blockchain. Sun, originally from China, previously faced legal action from Biden-era regulators for allegedly selling unregistered securities and manipulating market activity. He now claims to be the top holder of the $TRUMP took to X (formerly Twitter) late Monday to inform that he had secured the top spot on the $TRUMP token leaderboard. That achievement earned him an invite to the president's dinner and the exclusive VIP reception for top 25 holders.'Honored to support @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump's Gala Dinner as his TOP fan!' he wrote. 'As the top holder of $TRUMP, I'm excited to connect with everyone, talk crypto, and discuss the future of our industry.'advertisementOther notable invitees include Singapore-based crypto network MemeCore and an Australian crypto Are Meme Coins?Meme coins, such as Dogecoin, are joke-themed cryptocurrencies that often gain popularity through viral marketing and online communities, rather than intrinsic utility or technical Hits Record HighIn a broader crypto rally, Bitcoin soared to a new all-time high of USD 109,487 on Wednesday, eclipsing its previous record of USD 109,200 set on Inauguration Day. Prices later eased to around USD 108,400 by the evening. Bitcoin has gained approximately 5 per cent over the past week and now posts a 16 per cent increase for the year to bitcoin ETFs are gaining traction as investors watch legislative developments favorable to the TRUMP meme coin, which launched on January 17, initially soared to 75.35 on Inauguration Day before plummeting below USD 8 by April. However, the token has staged a sharp recovery — up 76 per cent over the past month — after Trump announced plans for the gala dinner in late InTrending Reel
Yahoo
20-05-2025
- Business
- Yahoo
Meet the man — once sued by the SEC — who won the crypto contest to have dinner with the president
We now know who won the contest to attend an intimate dinner with President Donald Trump by buying his cryptocurrency — and he's a familiar face to Securities and Exchange Commission regulators and law enforcement officials. Justin Sun, a Chinese-born crypto entrepreneur, confirmed in an X post Tuesday that he was behind the account, labeled "SUN," that purchased the most $TRUMP meme coin to sit at the president's table at a crypto-focused gala scheduled for Thursday. "Honored to support @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump's Gala Dinner as his TOP fan!" Sun wrote. "As the top holder of $TRUMP, I'm excited to connect with everyone, talk crypto, and discuss the future of our industry." He capped the post with an American flag emoji. Critics have blasted the dinner contest as potentially unconstitutional and a blatant opportunity for corruption. Trump has not publicly commented on the accusations, and the Office of Government Ethics has declined to comment. A White House official did not immediately respond to a request for comment Tuesday. While Trump has not been as aggressive in directly promoting cryptocurrencies as some campaign backers in the industry had hoped, his administration has abandoned or paused many pending cases that had been brought against crypto entrepreneurs and businesses. That includes Sun, who was charged in 2023 with market manipulation and offering unregistered securities. Regulators sought various injunctions against him that would have largely prevented him from participating in crypto in the U.S. The Verge, a tech industry website, had also reported Sun was the target of an FBI investigation. But in February, the SEC, now controlled by Trump appointees, agreed to a 60-day pause of the suit in order to seek a resolution. Two months earlier, Sun purchased $30 million in crypto tokens from World Liberty Financial (WLF), the crypto venture backed by Trump and his family, the website Popular Information reported. Eventually, Sun became the largest publicly known investor in World Liberty after he brought his funding total to $75 million. According to Bloomberg News, per the terms of World Liberty's financial structure, 75% of the proceeds of token sales like Sun's get sent to the Trump family as a fee — meaning they may have directly earned as much as $56 million. On Jan. 22 — two days after Trump was inaugurated — Sun posted on X, 'if I have made any money in cryptocurrency, all credit goes to President Trump.' In April, The Wall Street Journal reported that Joe Biden's Justice Department had been investigating Sun, noting that researchers had estimated that more than half of all illicit crypto activity took place on Sun's Tron blockchain platform. The Journal said it wasn't clear if the investigation was ongoing. It said Sun's representatives declined to comment about what they called 'baseless allegations about legal matters' while denying Tron enables criminal activity. Sun may now be a multibillionaire, with a net worth estimated at $8.5 billion, according to Forbes. He reportedly was forced to spend $2 billion to shore up one of his crypto firms that was facing collapse in 2022. He did not immediately respond to a request for comment about what he hoped to get out of the dinner with the president. Sun has also earned headlines for purchasing "Comedian," an art installation composed of a banana duct-taped to a wall, for $6.2 million; and for buying lunch with Warren Buffett for $4.57 million. This article was originally published on
