With Trump's 148 million {dollars} -Meme -Me -münzessen “sucked the meals,” says the participant

In a competition at the Trump National Golf Club in Potomac Falls, Virginia, on May 22nd, 2025, the crypto investor Nicholas Pinto takes the most money for Trump's Meme Coin, Virginia that spent most money for Trump's Meme -Münzmünze on May 22, 2025.

Nicholas Pinto

President Donald Trump's Meme Coin award reached 16%on Friday morning, just a few hours after he was a volume of elite organized for his biggest buyers in his Virginia Golf Club, which spent a total of $ 148 million for the chance.

It was invoiced as “the most exclusive invitation in the world”.

The 220 participants included crypto influencers, managers of industry such as Sandy Carter from unstoppable domains and former NBA star Lamar Odom, who took the opportunity to promote Trump as “the greatest president” and his own token, $ odom.

A private reception and a guided tour were promised to the 25 top -25 letters. Others, like the 25-year-old Nicholas Pinto-Dessen Father underwhelmed him in his Lamborghini, underwhelmed the event and still hungry.

“The food sucked,” said Pinto. “I didn't give any drinks other than water or Trump's wine. I don't drink, so I had water. My glass was only filled once.”

Trump only appeared briefly, said Pinto. “He didn't speak to one of the 220 guests – maybe with the top 25,” he said.

Everything in, the president was there 23 minutes, said Pinto. Trump delivered a short address in which old crypto conversation topics were left behind on a helicopter before taking questions or pictures with his meme coin contest winners, he said.

According to Pinto, the telephones were not locked up in RFID bags, and the security was imitating.

“As soon as Trump went, they didn't really worry about something else,” added Pinto.

The winners of the competition, which were most issued for Trump Meme coins from $ Trump, added their signatures at a gala dinner in the Trump National Golf Club in Potomac Falls, Virginia, May 22, 2025, an expression of the ranking at a gala dinner.

Nicholas Pinto

The opulence of the crowd was completely exhibited.

“Richard Mille watches were not even rare,” said Pinto. “I saw at least 16 people who were wearing them. I never see it unless I am in a high-end restaurant in Miami or Dubai.”

But the mood was more steamed than expected and said: “Many people didn't even hold the coin anymore. They checked their phones during dinner to see if the price was moving.”

CNBC turned to Trump representative to comment on dinner and the participants.

Protests

For legislators and supervisory authorities, dinner triggered alarm bells.

The No. 1 token owner was the crypto-mogul Justin Sun, born in China, who is currently exposed to fraudulent accusations of the security and stock exchange commission, which were recently during the break, with the agency quoting “the public interest”.

Sun holds over 22 million US dollars in the Trump token of $ and another 75 million US dollars in the home drive of World Liberty Financial.

“As the top owner of $ Trump and proud supporter of President Trump, it was an honor to take part in the Trump Gala evening dinner,” SUN published on Friday. “Thank you @Potus for your unshakable support of our industry!”

Outside the trump National Golf Club's goals in Potomac Falls, Virginia, according to the NBC News, around a hundred demonstrators gathered. Senator Jeff Merkley, D-ORE.

Signs were “crypto corruption” and “Trump is a traitor”.

Crypto on the Capitol Hill

“The activity of the Trump family in the Memecoin room makes my work in the congress more complicated,” said Rep. French Hill, R-Mark, told CNBC on Friday.

Hill, who calls the negotiations on a cross -party StableCoin regulation, which is known as Genius Act, as “distraction from the good work that we have to do”.

Now the brilliant law is endangered.

Senator Josh Hawley, R-Mo.

President Donald Trump speaks for the winner of the Meme Coin Contest in the Trump National Golf Club in Potomac Falls, Virginia, May 22, 2025.

Nicholas Pinto

On Thursday evening, when the Meme Coin Contest was underway, a block of the Senate Democrats announced that they would urge a new provision that would prohibit president and high-ranking officials during the office of Crypto Ventures-a direct challenge for the StableCoin USD introduced in the spring.

In Washington there is increasingly concerned that the political battles through Trump's crypto company could derail the Stablecoin account as a whole. This represents an even greater risk.

According to the Wall Street Journal, including large banks, including JPmorganPresent Bank of America And Citi are in early conversations to spend a uniform digital dollar to compete with Tether, the foreign controlled stable coin, which now exists over 60% of the global market share.

These plans depend on legal clarity.

If the Genius Act comes to a standstill, the USA could lose its window to be back on the ground in the global race for digital payments.

The White House tried to draw a border between Trump, the President and Trump, the private businessman.

“The President visits it in his personal time. It is not a dinner of the White House,” press spokeswoman Karoline Leavitt told reporters when he was pressed on the transparency of the participants.

The administration refused to publish a guest list. But blockchain data – and a patchwork of guest photos – tell part of the story.

A Bloomberg news analysis showed that all of the 25 best wallets used foreign exchanges, allegedly for US users, expired appropriately. More than half of the top 220 item pockets were associated with similar offshore platforms.

A Penny Stock listed in Nasdaq, Freight technologiesIn a SEC registration, reveals that it spent $ 2 million for Trump's tokens in order to promote US Mexico trading policy. It did not make the cut for dinner – and ended the 250th place.

Since its debut in January, the $ Trump coin has generated more than 324 million dollars of trading fees. According to the project's website, around 80% of the token offer of $ Trump from the Trump organization and the affiliated companies are checked.

Wlfi, the parallel token of the Trump, sold 550 million US dollars on two token sales.

Nevertheless, Ai and Krypto -Zar David Sacks remained bullish with regard to the “significant support” for the legislation of stablecoin.

“We already have over 200 billion US dollars of stablecoins – it is just not regulated,” Sacks told CNBC's “Closing Bell Overtime” on Wednesday. “If we offer the legal clarity and the legal framework for this, we could very quickly create trillion dollars for our treasury overnight overnight.”

“We now have every expectation that it will pass,” added sacks, although he did not ask the Democrats to consider that there is no sufficient protective measures to prevent the president and his family from benefiting from legislation.

While Säcke sold $ 200 million in crypto-related investments before taking his job in the White House, Trump and his family have built up a crypto empire, according to a disclosure.

The Trumps are financial supporters of World Liberty Financial, which is located behind Stablecoin USD1, which is supported by treasures and dollars.

The MGX Investment Fund from Abu Dhabi recently promised 2 billion US dollars for Binance, the world's largest digital assets Exchange. It is the largest investment by the company in crypto.

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