President Donald Trump is set to host a private dinner at his Washington-area golf club for the top holders of his recently launched cryptocurrency, according to an announcement posted Wednesday. The event, described as an “intimate private” dinner, will feature discussions on the future of cryptocurrency.
The gathering is open to the top 220 average holders of the “$TRUMP” meme coin from April 23 to May 12. The top 25 holders will receive additional access, including a VIP reception and a special tour. Initially, the event page referenced a “Special VIP White House Tour,” but that mention was later removed.
Trump’s meme coin, launched just days before his January inauguration, has been promoted by a company in which he holds a significant stake. Following the announcement of the dinner, the price of the $TRUMP coin experienced a surge.
The Trump family’s involvement in crypto extends beyond the meme coin. Last year, Trump’s sons launched World Liberty Financial, a company developing a dollar-pegged stablecoin. These ventures could benefit from pending crypto-friendly legislation in Congress, although some lawmakers, including House Financial Services Chair French Hill, have indicated that Trump’s business ties to crypto have complicated the legislative process.
In March, Trump signed an executive order to create a federal “strategic reserve” of cryptocurrency assets seized through law enforcement actions.
A disclaimer on the dinner event page notes that it is organized by Fight Fight Fight LLC, and clarifies that Trump is participating as a guest without soliciting funds. Promotional material for the event encouraged increased investment in the $TRUMP token to secure a seat at the dinner.