New York Times: “It was a spectacle that could only have happened in the era of Donald J. Trump. Several of the dinner guests said that they attended the event with the explicit intent of influencing Mr. Trump and U.S. financial regulations.”
“Mr. Trump and his business partners organized the dinner to promote sales of his $TRUMP cryptocurrency, a memecoin launched just days before Mr.
Trump’s inauguration. A memecoin is a type of digital currency tied to an online joke or mascot; it typically has no function beyond speculation. But Mr. Trump’s coins have become a vehicle for investors, including many foreigners, to funnel money to his family.”