Tag: gala

The participation of the founder of cryptocurrencies in companies linked to Trump now exceeds the USD 93 million.

He is currently in conversations with the US stock and values ​​commission. UU. To resolve accusations of civil fraud.

Dinner is part of a raffle style campaign linked to Token $ Trump, which gives exclusive access to the 25 main holders.

The Crypto Mess’s Crypto Sun has become the main holder of the Trump $ Trump theme, ensuring an invitation to a private dinner with President Donald Trump, along with access to a VIP gala reception.

Dinner is part of a raffle style campaign linked to Token $ Trump, which granted exclusive access to the 25 main holders.

Sun announced Monday night in X that headed the classification table, with approximately USD 18.6 million in the Token.

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Honored to support @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan!

As the top holder of $TRUMP, I’m excited to connect with everyone, talk crypto, and discuss the future of our industry. 🇺🇸 https://t.co/FYb39LTwDz

— H.E. Justin Sun 🍌 (@justinsuntron) May 20, 2025

“Honor to support @potus and grateful for the invitation of @gettrumpmemes to attend the gala dinner of President Trump as his top fan!” Sun wrote.

“The maximum owner of $ Trump, I am excited to connect with everyone, talk about cryptocurrencies and discuss the future of our industry.”

Justin Sun and Trump’s crypto projects

In addition to its Trump holdings, SUN has invested USD 75 million in World Liberty Financial, a separate cryptocurrency initiative linked to Trump described by Trump’s children as a decentralized bank.

According to its structure, 75% of the platform’s income flow to entities owned by Trump.

Combined, Sun’s investments throughout the Trump cryptocurrency ecosystem now amount to more than USD 93 million.

Sun, who was born in China, is the founder of the Tron block chain.

He is currently in conversations with the US stock and values ​​commission. UU. To resolve accusations of civil fraud.

The founder of the cryptocurrencies was sued by the US stock and securities commission in 2023, which alleged that it orchestrated the offer and sale of values ​​not registered through entities that possesses and controls: the Tron Foundation, the Bittorrent Ltd. and Rainberry Inc. Foundation.

Since the former SEC president, Gary Gensler, is no longer in the agency, both the SEC and Sun’s legal team are now trying to pause the case.

The controversy around Trump’s Meme Coin Dinner

Trump’s plan to organize the event has caused controversy, and Democratic senators Elizabeth Warren and Adam Schiff have requested a federal ethical investigation.

They claim that the initiative is equivalent to a “payment to play” scheme plagued with “corruption and foreign influence”, citing that a significant number of merchants involved in La Moneda seem to have their headquarters outside the United States.

The Token $ Trump rose about 4% on Tuesday, quoting USD 13.23, according to Coinmarketcap.

That price values ​​its circulating supply in USD 2.65 billion, which places it among the 40 main cryptocurrencies for market capitalization.

Despite its assessment, the token $ Trump, like many meme coins, lacks an underlying product or utility.

Its website makes it clear that the Token “is not destined to be, to be the object of an investment opportunity, an investment contract or a value of any kind.”