It Is Happening Every Day, Every Where
Even a Times reporter qualified for the event, which caused outrage last year for providing access to President Trump in exchange for investment in one of his family’s crypto ventures.
The firm, which produces content for TikTok, recorded no revenue last year, but it announced this week that a mysterious stock sale would allow it to invest heavily in the $TRUMP memecoin.
Because of a quirk in the rules, some participants vying to dine with the president benefited from dumping the Trump family’s memecoins rather than accumulating them.
When the bidding stops Monday, the top buyers of a Trump family crypto coin will win a tour of the White House.
Democratic supporters of the measure to regulate parts of the industry refused to allow it to move forward amid concerns in their party that President Trump and his family are profiting from cryptocurrency.
Some Democrats who had supported legislation for so-called stablecoins are now demanding tougher language to prevent fraud and money laundering.
The president’s older sons, Donald Trump Jr. and Eric Trump, spent the past two weeks traveling the world and announcing deals, many of which will financially benefit their father.
A deal for a state-backed Emirati firm to use a Trump-affiliated digital coin was announced in a panel that included the president’s son and his business partner, who promised, “This is only the beginning.”
President Trump’s cryptocurrency firm has eroded the boundary between private enterprise and government policy in ways without precedent in American history. David Yaffe-Bellany, a technology reporter for The New York Times covering the crypto industry, describes how it works.
The longtime Trump ally is lobbying Congress to change the law that the crypto entrepreneur Roger Ver was charged with violating.