The price of $TRUMP, a meme cryptocurrency linked to US President Donald Trump, rose over 60% on April 23

The top 220 coin holders will be invited to a gala dinner at Trump National Golf Club on May 22.

The price of $TRUMP, a meme cryptocurrency linked to US President Donald Trump, rose over 60% on April 23, after an announcement offering top buyers exclusive access to events with Trump.

The top 220 coin holders will be invited to a gala dinner at Trump National Golf Club on May 22 for a "final celebration" of the $TRUMP journey, according to a statement from the Trump Digital Asset team.

The top 25 coin holders will also get additional benefits like a private VIP reception and a special tour of the golf club.

"We will be having a final get-together to celebrate an incredible journey that began in January with the launch of the $TRUMP coin and the Trump Digital Asset team," the statement said.

The $TRUMP coin, launched shortly before Trump’s inauguration in January, has generated at least US$350 million in fees for entities connected to the president according to Chainalysis.

At least 15,000 ETH (about US$26 million) went directly to a Trump Digital Asset wallet, while another 10,000 ETH (about US$18 million) went to a wallet linked to Trump’s son, Eric Trump, the data showed.

Interest in the coin had previously dwindled but surged again following this announcement.

The invitation offering dinner with the president to top holders is sure to bring further attention to the administration’s involvement in the cryptocurrency market.

The administration has rapidly transformed the regulatory landscape for cryptocurrencies through executive action, moving from enforcement to active promotion and urging Congress to pass legislation.

An executive order signed on January 23, 2025 established a working group to propose a comprehensive regulatory framework for digital assets by December 22, setting a clear agenda for Congress to act on crypto regulation.

The administration has also appointed pro-crypto officials to key positions and formed a “Crypto 2.0” task force aimed at reducing enforcement actions that were previously seen as hindering industry growth.

These policy shifts align with Trump’s stated goal of making America the “crypto capital of the world,” which also includes initiatives like the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile established by executive order in March 2025 to manage crypto assets on behalf of the U.S. government.

However, the administration’s involvement in crypto has come under scrutiny from ethics watchdogs, particularly given the Trump family’s expanding crypto ventures.

In April 2025, Trump’s daughter Ivanka Trump launched her own cryptocurrency venture, sparking concerns among ethics experts about potential conflicts between public policy and private interests.

At the same time, Trump’s administration has faced criticism for its handling of crypto scams, particularly after a major DeFi protocol rug pull in August 2025 led to significant investor losses.

Despite these challenges, the administration continues to prioritize crypto in its policy agenda, aiming to solidify the U.S.’s地位 in the global digital asset landscape.