As family crypto schemes falter, Trump meets again with meme coin investors
For the second time in a year, President Donald Trump met with cryptocurrency investors who have poured money into his beleaguered and brazenly unethical meme coin scheme.
At an event on Saturday marketed as the “most exclusive crypto and business conference in the world,” Trump addressed the 297 largest investors in his self-enriching, eponymous digital currency at his Mar-a-Lago estate in Florida. That the president squeezed in some crypto-related hype ahead of his appearance at the White House Correspondents’ Dinner that night shows the extent to which Trump has prioritized money-making crypto ventures in his second term.
Ahead of Saturday’s conference, Ars Technica reported on the issues swirling around Trump’s meme coin, including suspicions of insider trading and a 93% drop in value from last year that’s led to billions of dollars in investor losses.
Saturday’s event featured notable Trump supporters, such as scandal-plagued boxer Mike Tyson and scandal-plagued motivational speaker Tony Robbins, The Wall Street Journal noted.
The White House told the Journal Trump attended the event at his estate in “his personal capacity.” While pointing to a past White House statement that “neither the president nor his family have ever engaged, or will ever engage, in conflicts of interest,” the Journal reported Trump discussed political matters with this exclusive audience of attendees:
Ja’han Jones is an MS NOW opinion blogger. He previously wrote The ReidOut Blog.
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