The Daily Populous Thursday May 8th, 2025 day edition
Authored by independent.co.uk and submitted by Snapdragon_4U

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President Donald Trump is expected to bring in millions of dollars over the next month as he hosts two cryptocurrency-focused, lucrative dinners – one of which costs a whopping $1.5 million to attend.

On Monday evening, Trump will attend the “Crypto & AI Innovators Dinner,” hosted by MAGA Inc., a super PAC that supports the president. The event, which costs $1.5 million per plate, will feature special guest David Sacks, NBC News reported.

Though MAGA Inc. supports Trump, he is unable to run for a third term, so it's unclear where that funding will go.

Then on Thursday, May 22, Trump is slated to attend a dinner for the top 220 investors in his memecoin, $Trump. Around 80 percent of the memecoin’s supply is controlled by the Trump Organization and its affiliates.

open image in gallery President Donald Trump has encouraged fans to purchase his cryptocurrency memecoin by offering an exclusive dinner with the president ( REUTERS )

Both events are part of Trump’s push to get more people invested in crypto and make the United States the “crypto capital of the world.”

In January, Trump signed an executive order establishing a Strategic Bitcoin Reserve for the U.S. and directed his administration to promote the use of blockchain.

But the president’s desire to integrate crypto more with the U.S. has worried some who believe his personal endeavors with his memecoin and crypto company, World Liberty Financial, could pose a conflict of interest.

State Democracy Defenders Action, a nonprofit dedicated to fighting election sabotage and autocracy, said in a recent report that Trump will “likely profit from the very policies he is pursuing.”

“The regulation of digital assets is in its nascency, but rather than divest his crypto assets to avoid any possible conflict of interest, President Trump seems to have positioned himself to maximize profiting from them by adopting a less aggressive regulatory and enforcement program than his predecessor,” the group wrote.

open image in gallery Trump has launched endeavors in cryptocurrency while also pushing for the US to get more involved with the digital currency ( EPA )

Accountable.US, a nonpartisan advocacy group that checks powerful individuals in Washington, criticized the president for holding a dinner for top investors in his memecoin.

“Never in U.S. presidential history has there been a more nakedly corrupt self-enriching scheme,” Tony Carrk, the executive director at Accountable.U.S., said in a statement.

“The President is openly inviting investors to have a bidding war over who can buy the most access to him while he laughs all the way to the bank. There has never been a clearer case of a President using their office to put money in their pocket, or greater potential for special interests to buy an administration’s favor that could threaten the public interest,” Carrk added.

Trump’s memecoin peaked in value at approximately $70 after launching in January, but since announcing his exclusive dinner competition, it’s surged around 60 percent. Trump has likely made millions from his memecoin, with one Reuters report from February estimating the president had $100 million in trading fees alone.

yParticle on May 8th, 2025 at 00:23 UTC »

And Jimmy Carter placed his family peanut business in a trust to ensure that he would not be seen to benefit financially from agricultural policy decisions he might make as President.

Financial-Special766 on May 8th, 2025 at 00:00 UTC »

He IS an ethical concern.

sesriously on May 7th, 2025 at 23:56 UTC »

Everything he does draws ethical concerns lol