Inside Trump's lavish multimillion-dollar crypto dinner
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More than 200 wealthy crypto bros descended on Donald Trump’s Washington D.C. golf course on Thursday evening for a private dinner with the president.

They were treated to filet mignon and warm lava cake inside the two-story clubhouse at the golf course, which sits on 800 acres in Northern Virginia on the banks of the Potomac River. 

The White House kept the guest list a secret but many of the invited posted about the event on social media, showing off photos of Marine One landing and the massive ballroom filled with guests in black-tie. 

Democrats and ethic experts criticized the event, calling it a way for Trump to enrich himself. 

But the president pushed back against the charge in remarks to guests, arguing that Hunter Biden and the Biden family made a fortune off the Oval Office. 

‘Ultimately, no matter what it is, I always put the country way ahead of the business,’ he said, adding ‘You can’t say that about Hunter.’

President Donald Trump spoke at a dinner with investors in his memecoin

President Donald Trump spoke at a dinner with investors in his memecoin

Trump pointed out President Joe Biden’s son Hunter sold paintings for thousands of dollars: ‘500,000 for a painting.’

Video of his remarks were posted on social media by attendees.  

The dinner was hosted by the president’s cryptocurrency venture for the biggest holders of the $TRUMP meme coin. 

Trump pitched the value of the venture when he addressed the room.

‘A lot of sense in crypto, a lot of common sense,’ the president said. He wore the blue suit and red tie he had been wearing at the White House all day.  

Many of the investors in the cryptocurrency are foreign and it’s unclear what kind of background check they went through in order to be near the ballroom.

Some had to navigate a sea of protesters outside of the club, walking through the shouting throngs on their way into the event. 

Inside, guests were greeted by a poster featuring Trump in a tux, his fist upheld in his classic fight stance, with the words ‘Fight Fight Fight’ written in gold. 

Dinner was field green salad, filet mignon, pan seared halibut, and warm lava cake, according to photos of the event posted by guests on social media. 

Trump stayed about an hour before boarding Marine One and flying off into the sunset to return to the White House. 

When he arrived back on the South Lawn, he told reporters the dinner was ‘good. Very good.’ 

Demonstrators protest as a dinner guest arrives

Demonstrators protest as a dinner guest arrives 

The above poster greeted guests as they walked into the dinner

The above poster greeted guests as they walked into the dinner

The event was to thank investors for their $400 million investment in Trump’s memecoin. 

The official website for the dinner describes it as ‘the most exclusive invitation in the world.’ 

The average investor spent $1,788,994.42 to attend the dinner, according to an analysis by the blockchain analytics company Nansen given to NBC News.

But the price of admission ranged from $55,000 to $37.7 million. The top seven winners each spent more than $10 million.

The invitation also promised the 25 biggest investors special access to the president via a private reception and special White House tour.

‘FOR THE TOP 25 COIN HOLDERS, YOU are Invited to an Exclusive Reception before Dinner with YOUR FAVORITE PRESIDENT!,’ the website reads.

‘PLUS, We have separately by us arranged for a Special VIP Tour for you – so make sure you stay in town.’

Democrats and ethics experts blasted the dinner as blatant corruption meant to enrich the president.

The White House pushed back, pointing out the president’s finances are in a blind trust.

‘All of the [resident’s assets are in a blind trust, which is managed by his children,’ press secretary Karoline Leavitt said in her press briefing.

She blasted suggestions the president was profiting off his office.

‘The president is abiding by all conflict of interest laws that are applicable to the president. And I think everybody, the American public, believe it’s absurd for anyone to insinuate that this president is profiting off of the presidency. This president was incredibly successful before giving it all up to serve our country publicly, not only has he lost wealth, but he also almost lost his life. He has sacrificed a lot to be here. And to suggest otherwise is, frankly, completely absurd,’ she said.

Guests posted photos of social media of the dinner

Guests posted photos of social media of the dinner

Protesters outside of Trump's golf club

Protesters outside of Trump’s golf club

Demonstrators and their signs outside of Trump's golf club

Demonstrators and their signs outside of Trump’s golf club

Many of the guests were anonymous as they bought the currency through pseudonyms, registering with user names to make their purchases. 

The event brought protesters.  

Outside the entrance to the golf club, there were about 100, lining both sides of the street, yelling ‘shame, shame, shame.’

The waved signs that read ‘Honk to Remove Trump,’ ‘Stop Crypto Corruption,’ ‘Pay your fair share,’ and ‘America is not for sale.’

When it came to the evening’s attendees, an analysis by Bloomberg News showed that all but six of the top 25 holders who registered for the dinner used foreign exchanges that say they exclude customers living in the US. 

And at least 56% of the top holders used similar offshore exchanges.

The $TRUMP memecoins are sold on exchange markets and the money does not go to Trump directly. 

But about 80 percent of $TRUMP coins are held by Trump Organization affiliates, meaning if they rise in value so does the president’s portfolio.

Trump’s cryptocurrency also makes money for those groups simply by being traded. 

For every $TRUMP coin that’s traded, a transaction fee is taken. 

Chainalysis, another cryptocurrency research firm, estimated the memecoin made nearly $900,000 in transaction fees within the first two days of the contest being announced. 

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