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Cryptocurrency News Articles
Trump Launches Cryptocurrency Ahead of 2020 Reelection Bid
Apr 24, 2025 at 11:55 am
As well as the gala dinner, which will be held at the Trump National Golf Club in Washington DC, there will be "an ultra-exclusive private VIP reception with the President"
Donald Trump will host an exclusive gala dinner and private reception for the top 25 cryptocurrency holders at his Trump National Golf Club in Washington DC.
The dinner will be part of the celebrations for the first anniversary of the Trump token, which was first released just days before his inauguration on 20 January.
Trump tokens in circulation are currently valued at a total of approximately $2.5bn.
The move was met with criticism from several members of the crypto industry, with some branding it as “a stunt”.
First lady Melania Trump also launched her own cryptocurrency token the eve of the inauguration.
Trump tokens are a type of meme coin, which are often used by speculators to make money or by fans to show support to a celebrity or moment in internet culture.
Earlier this year, shortly after returning to the White House, Trump signed an executive order to create a presidential working group tasked with proposing new crypto laws and regulations.
He has also signed an order to create a Strategic Bitcoin Reserve as well as a Digital Asset Stockpile, which will include other digital currencies.
Those funds will be stocked with coins forfeited to the federal government as part of criminal or civil proceedings.
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