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erronis

(19,353 posts)
Mon Apr 28, 2025, 10:52 AM Monday

An unprecedented scheme to profit from the presidency -- Judd Legum - Popular Information

https://popular.info/p/an-unprecedented-scheme-to-profit

President Trump has invited virtually anyone, including foreign governments, government contractors, and people under federal criminal investigation, to compete to see who can personally enrich Trump the most. The winners will get a personal audience with Trump on May 22 — and potentially a "VIP White House Tour."

. . .

The contest involves $TRUMP, the crypto meme coin that Trump launched shortly before his inauguration. Last week, Trump announced that the top 220 holders of $TRUMP will be invited to have dinner with him at his private golf club near DC. According to the promotional materials, Trump will discuss policy issues at the dinner, including "the future of crypto."

The top 25 $TRUMP holders were promised an "exclusive reception" with Trump before the dinner and "a special VIP White House tour."

After receiving public criticism for literally selling access to the White House, a revised website now says "Special VIP Tour" without specifying the location. But there has been no indication that plans for a White House tour for top $TRUMP holders have been scrapped.

Immediately after the announcement, the value of the $TRUMP coin spiked from just over $9 to over $14. As of Sunday afternoon, $TRUMP is trading at around $15. (This still represents an 80% decline from its peak value of $75.)

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An unprecedented scheme to profit from the presidency -- Judd Legum - Popular Information (Original Post) erronis Monday OP
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