Trump to have dinner with top holders of Trump Meme Coin

3,524 Views | 63 Replies | Last: 8 mo ago by El Gallo Blanco
Kansas Kid
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Sorry but this is the President using the office to try to enrich the family. Imagine if Biden did the same thing for those that bought Hunter's painting.

PS. I know that I will now be called flamed and called a liberal, TDS, blah, blah, blah from those that think President Trump can do no wrong even though I have never voted for a Dem. I'm just calling BS on someone using the President to help his own pocketbook.

"President Donald Trump will have dinner with the top 220 holders of the Trump memecoin, the issuers of the cryptocurrency announced on Wednesday.

At the "intimate private dinner" on May 22 at his private club in Washington, Trump will talk about the future of crypto, according to the organizers. People who want to participate have to register, and a leader board of the top Trump coin holders will be kept to determine attendees. The top 25 Trump coin holders will also be invited to a reception before the dinner with the president, and will be given a tour of the White House."

https://www.bloomberg.com/news/articles/2025-04-23/president-trump-to-host-dinner-with-top-holders-of-his-memecoin?srnd=homepage-americas
Ag with kids
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AG
How is this different than have a $50K a plate dinner with supporters of a candidate?

That happens all the time.
Kansas Kid
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Ag with kids said:

How is this different than have a $50K a plate dinner with supporters of a candidate?

That happens all the time.

One goes to the campaign coffers to elect a person and there are laws that restrict how those funds can be used. Violations of those laws have resulted in criminal convictions. The other goes into their personal wallet. A massive difference.

Btw, the meme coin was up over 70% on the announcement.
torrid
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Ag with kids said:

How is this different than have a $50K a plate dinner with supporters of a candidate?

That happens all the time.
That is usually associated with a campaign. But I guess he is running for a third term.
texsn95
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AG
Got him?
Stupe
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S
Quote:

PS. I know that I will now be called flamed and called a liberal, TDS, blah, blah, blah from those that think President Trump can do no wrong even though I have never voted for a Dem.
There is no point in anyone replying to you. That statement shows that you have no interest in having a discussion.
Kansas Kid
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Stupe said:

Quote:

PS. I know that I will now be called flamed and called a liberal, TDS, blah, blah, blah from those that think President Trump can do no wrong even though I have never voted for a Dem.
There is no point in anyone replying to you. That statement shows that you have no interest in having a discussion.

Happy to have a discussion but usually anything that calls out Trump starts with those statements to try to dismiss the issue.
Phatbob
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This is 100% unethical. However, this is at least 100% visible. I'm pretty sure we have 100% lack of ethics in Washington and have for a long time, and at least he's not pretending.
cecil77
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Phatbob said:

This is 100% unethical. However, this is at least 100% visible. I'm pretty sure we have 100% lack of ethics in Washington and have for a long time, and at least he's not pretending.
An honest crook is better than a dishonest crook.
BCG Disciple
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Did this coin just jump 50% on this news?
El Gallo Blanco
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Dangit, I just KNEW I should have voted for Kamala and Tampon Tim.
Science Denier
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Kansas Kid said:

Ag with kids said:

How is this different than have a $50K a plate dinner with supporters of a candidate?

That happens all the time.

One goes to the campaign coffers to elect a person and there are laws that restrict how those funds can be used. Violations of those laws have resulted in criminal convictions. The other goes into their personal wallet. A massive difference.

Btw, the meme coin was up over 70% on the announcement.
LMAO.

They can put their spouse "in charge" of your campaign and pay him/her a salary and give them an expense account.

This is a businessman having a meal with his key customers. I take customers out all the time.
Kansas Kid
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BCG Disciple said:

Did this coin just jump 50% on this news?

Yep. I think it peaked at 70%. The value increase of his holdings of approx 160mm coins is close to $1B

On Friday, a lockup expired on 40mm of the coins owned by insiders which would mostly be the Trump family.
redcrayon
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Who did you vote for?
Kansas Kid
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redcrayon said:

Who did you vote for?

Trump but I was hoping Desantis was going to be the nominee.
Fightin_Aggie
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I'm a huge Trump fan and I hate his meme coins due to how much of a conflict of interest there could be
The world needs mean tweets

My Pronouns Ultra and MAGA

Trump 2024
Kansas Kid
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Fightin_Aggie said:

I'm a huge Trump fan and I hate his meme coins due to how much of a conflict of interest there could be
I also worry about what it could do to public sentiment about Trump and Republicans in the mid terms and 2028. You have to assume AOC is running and that would be a total disaster if she were elected because just because she wasn't the other guy/party.
Gig em G
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How dare you speak of Dear Leader and his safe and very lucrative meme coin in this manner…
flown-the-coop
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This is all quite humorous. Nothing in the law says a POTUS has to relinquish all assets and business dealings whilst serving. No POTUS has done that. In fact, even the concept of a blind trust was comical and only started under Carter. More on that below.

Emoluments clause covers foreign governments buying influence (looking at you Hunter & Joe) and the Hatch Act which does not cover President nor VP.

Where are the ethical issues? A company affiliated with the Trump orgs owns meme coins and POTUS is having a dinner with those folks who have shown interest in his affiliated business holdings. Unless there is a "top $TRUMP holder receives Presidential pardon for his domestic terrorism conviction" then we really don't have an ethics issue (say cheese for the 'selling pardons' camera Mr Obama!).

Back to Carter, let's see how well our Baptist bible-thumper did regarding his fight against POTUS conflicts of interest.

https://reason.com/volokh/2024/12/31/president-carters-peanut-business-and-the-blind-trust/
Quote:

In March 1979, Attorney General Griffin Bell appointed Paul J. Curran as special counsel to investigate whether loans from the National Bank of Georgia to Carter's business may have been illegally diverted to Carter's presidential campaign. (Curran was not appointed as an independent counsel under the Ethics in Government Act of 1978.) Curran deposed President Carter, who testified under oath for nearly four hours. In October 1979, the special counsel concluded his investigation. Curran found "no evidence whatsoever . . . that any monies were diverted from the warehouse [business] into the campaign." I contacted the Carter Library in Atlanta to obtain a copy of the Curran report, but was told it was still sealed. I were not able to find any records suggesting that the Carter businesses transacted with state or foreign governments.


In short, Carter's trust was messy. The Washington Post described the complex arrangement this way: Carter had "two fairly large businesses (particularly for the time), a cozy relationship with the guy put in charge of his business, and, at one point, the appointment of a special counsel to dig into loans one of his businesses receivedfrom a bank whose president ended up serving in Carter's administration." After Carter left office in 1981, the businesses were over $1 million in debt.

Billy Carter would create even more financial conflicts for his brother. In 1980, Billy became a registered agent of the Libyan government, and accepted a $200,000 loan from the Gaddafi regime. Billy defended himself from the scandal, which became known as Billygate. He said, "I considered myself to be a private individual who had not been elected to public office and resented the attention of different Government agencies that I began to hear from almost as soon as Jimmy was sworn in." A Senate investigation found that the President was negligent in not disassociating himself from his brother's foreign entanglements. Billy would only pay $1,000 of the loan.
Looks to me like Joe and Hunter ripped a page from the Carter bros playbook.

All Trump does is run businesses and make money off his name, not off of his office.

Call me when you have evidence he leverages his office for personal monetary gain.
BenFiasco14
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I know I'm getting old and uncool when I scratch my head at stuff like a "meme coin".

Isn't this, essentially, the same thing as releasing Trump baseball or Pokmon cards? Isn't this all just a collectors thing?
CNN is an enemy of the state and should be treated as such.
Artimus Gordon
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Don't worry it will be scrutinized by a plethora of mealy mouth democrats. The Media imbeciles are already hitching up their depends as we speak,
Funky Winkerbean
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This will incite the CM's.
annie88
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Quote:

from those that think President Trump can do no wrong
I always find this sentiment amusing.

Good grief.
annie88
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Gig em G said:

How dare you speak of Dear Leader and his safe and very lucrative meme coin in this manner…
Another one.

Good grief.
annie88
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Kansas Kid said:

Stupe said:

Quote:

PS. I know that I will now be called flamed and called a liberal, TDS, blah, blah, blah from those that think President Trump can do no wrong even though I have never voted for a Dem.
There is no point in anyone replying to you. That statement shows that you have no interest in having a discussion.

Happy to have a discussion but usually anything that calls out Trump starts with those statements to try to dismiss the issue.
Literally doesn't. That's why this is a forum for discussions.

When people disagree with you or other making this statement, this is what you resort to.

What is your take on Trump not taking a salary?
techno-ag
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Thanks for letting me know about this. What a great idea. This makes me love the man even more (no homo).
The left cannot kill the Spirit of Charlie Kirk.
richardag
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Kansas Kid said:

Sorry but this is the President using the office to try to enrich the family. Imagine if Biden did the same thing for those that bought Hunter's painting.
…,,,…
Could you explain how President Trump is using his office as President to enrich himself and his family?

(note: your link seems to require I give them my personal information so I did not accept their terms)

Concerning Hunter Biden it is known he gave access the his father for favorable treatment by our government. Hunter's business partners has exposed this corruption.

Thanks in advance for explaining.
Among the latter, under pretence of governing they have divided their nations into two classes, wolves and sheep.”
Thomas Jefferson, Letter to Edward Carrington, January 16, 1787
Gig em G
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It will be difficult to get any solid evidence that he is using his office for bribes using this meme coin, because cryptocurrency transactions are inherently anonymous. But, obviously a lack of solid evidence does not necessarily equate to "no crime was committed." It's at the very least an innovative scheme to facilitate bribery… IF he wanted to…

Whether you trust someone who signs an executive order to pause the enforcement of the Foreign Corrupt Practices Act, while doing this thing, is another story.
oh no
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Kansas Kid said:

Imagine if Biden did the same thing for those that bought Hunter's painting.
or played golf with Hunter's business partners from Kahzakstan
or had dinner with Hunter's business partner from Russia
or dialed into Hunter's board meetings in Ukraine
or wrote letters of recommendation for the son or daughter of Hunter's business partner in China

(Biden did all of those things)

..and what makes you think Hunter's finger painting buyers got nothing from daddy?

Fightin_Aggie
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I agree that a politician doesn't have to give up his business but this is a little different. A meme coin is only worth the name value of the person backing it.

So if a politician backs a meme coin after he is elected is he backing it with his name? The office? Or both?

Where is the line? In the past it has been clearly ruled that selling your political office is illegal. But since these people get nothing of "value" in return is that okay?

If Trump starts giving tangible gifts to coin holders has he moved into selling the office?

I want Trump there to clean up govt this and don't see much value in any meme coin.

Seems like he is needlessly playing with fire but I also see how that is Trump's style. Big risk big reward, there are just a lot of potential conflicts here
The world needs mean tweets

My Pronouns Ultra and MAGA

Trump 2024
richardag
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Fightin_Aggie said:

I agree that a politician doesn't have to give up his business but this is a little different. A meme coin is only worth the name value of the person backing it.

So if a politician backs a meme coin after he is elected is he backing it with his name? The office? Or both?
  • To back with his office would require President Trump using his office to get federal government action for the benefit of his company.
Where is the line? In the past it has been clearly ruled that selling your political office is illegal. But since these people get nothing of "value" in return is that okay?

If Trump starts giving tangible gifts to coin holders has he moved into selling the office?

I want Trump there to clean up govt this and don't see much value in any meme coin.

Seems like he is needlessly playing with fire but I also see how that is Trump's style. Big risk big reward, there are just a lot of potential conflicts here
If President Trump indeed does get federal government action/funding for his benefit then impeachment should begin.
Among the latter, under pretence of governing they have divided their nations into two classes, wolves and sheep.”
Thomas Jefferson, Letter to Edward Carrington, January 16, 1787
rausr
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Quote:

Sorry but this is the President using the office to try to enrich the family.

Obviously that destitute family has been living in squalor for a long time, so you could certainly see this.

BadMoonRisin
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Kansas Kid said:

Sorry but this is the President using the office to try to enrich the family. Imagine if Biden did the same thing for those that bought Hunter's painting.



Who's gonna tell him?

10% for the Big guy and Pop got 50% cut in all of Hunter's "business dealings"
jt2hunt
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Man, the original poster has his panties in a wad! Good Lord, this is the least of things to worry about. Oh yeah, the mean coin holders are controlling the world. I bet Trump will actually go and make executive decisions based on their conversations lol LMAO.
flown-the-coop
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Fightin_Aggie said:

I agree that a politician doesn't have to give up his business but this is a little different. A meme coin is only worth the name value of the person backing it.

So if a politician backs a meme coin after he is elected is he backing it with his name? The office? Or both?

Where is the line? In the past it has been clearly ruled that selling your political office is illegal. But since these people get nothing of "value" in return is that okay?

If Trump starts giving tangible gifts to coin holders has he moved into selling the office?

I want Trump there to clean up govt this and don't see much value in any meme coin.

Seems like he is needlessly playing with fire but I also see how that is Trump's style. Big risk big reward, there are just a lot of potential conflicts here
A substantial part of Trump's net worth, before, during, after, during and likely after again is based on his name / brand. Much of that value is related to his businesses and celebrity BEFORE becoming POTUS. He does not forgo right to earn from that during office.

The issue is he earning that money IN EXCHANGE for political favors. I have seen no evidence of Trump doing that during 1st term or to-date during 2nd term. In fact, you could argue one would be quite foolish to barter this way with Trump as he quite famously changes his mind and disregards folks over disagreements or perceived slights. Imagine spending a billion USD on $TRUMP only to find out he no longer likes you because you made fun of his small hands.

One final note - has it been determined who actually holds the interest in the two Trump affiliated entities who own the 80% of $TRUMP not held back? In similar deals, he entered into a license agreement for use of his NIL which would serve as a layer of disassociation from the value of $TRUMP.

Agree with the sentiment he is playing with fire, but after watching Biden, Pelosi, other congress critters unabashedly sell their influence to foreign interests at the expense of Americans, this is low on the GAF meter for me.
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