New York Times: As Trumps Monetize Presidency, Profits Outstrip Protests

The president and his family have monetized the White House more than any other occupant, normalizing activities that once would have provoked heavy blowback and official investigations.

When Hillary Clinton was first lady, a furor erupted over reports that she had once made $100,000 from a $1,000 investment in cattle futures. Even though it had happened a dozen years before her husband became president, it became a scandal that lasted weeks and forced the White House to initiate a review.

Thirty-one years later, after dinner at Mar-a-Lago, Jeff Bezos agreed to finance a promotional film about Melania Trump that will reportedly put $28 million directly in her pocket — 280 times the Clinton lucre and in this case from a person with a vested interest in policies set by her husband’s government. Scandal? Furor? Washington moved on while barely taking notice.

The Trumps are hardly the first presidential family to profit from their time in power, but they have done more to monetize the presidency than anyone who has ever occupied the White House. The scale and the scope of the presidential mercantilism has been breathtaking. The Trump family and its business partners have collected $320 million in fees from a new cryptocurrency, brokered overseas real estate deals worth billions of dollars and are opening an exclusive club in Washington called the Executive Branch charging $500,000 apiece to join, all in the past few months alone.

Just last week, Qatar handed over a luxury jet meant for Mr. Trump’s use not just in his official capacity but also for his presidential library after he leaves office. Experts have valued the plane, formally donated to the Air Force, at $200 million, more than all of the foreign gifts bestowed on all previous American presidents combined.

And Mr. Trump hosted an exclusive dinner at his Virginia club for 220 investors in the $TRUMP cryptocurrency that he started days before taking office in January. Access was openly sold based on how much money they chipped in — not to a campaign account but to a business that benefits Mr. Trump personally.

https://www.nytimes.com/2025/05/25/us/politics/trump-money-plane-crypto.html

MSNBC: Pro-Trump crypto bro Justin Sun embodied MAGA palm-greasing at Trump’s crypto soiree

The investor, who has put millions into the Trump family’s crypto company, reportedly left the president’s dinner with the prize of a gold watch.

The event was a private dinner with the president at Trump National Golf Club, where “investors spent an estimated $148 million on the $TRUMP meme coin to secure their seats … with the top-25 holders spending more than $111 million,” Reuters reported, citing crypto intelligence firm Inca Digital. Reuters also cited an analysis that found the Trumps have made $320.19 million in fees from their meme coins.

And the person in the photo is Justin Sun, a MAGA-aligned crypto bro who said he was “awarded” what he identified as a “Trump Gold Tourbillon” (a Trump-branded watch that retails for $100,000). The White House didn’t immediately respond to MSNBC’s question as to whether the president actually gifted this watch to Sun.

His investments in Trump have been considerable — but, for him, arguably worthwhile. Sun has been in the news in the last few months because, after he plowed $75 million into Trump family crypto, per NBC News, the SEC put a 60-day pause on the charges of market manipulation and offering unregistered securities it had been pursuing against him since 2023. 

But to really catch the flavor of what’s happening, it’s these images of brazen wealth and intolerably open corruption that one would expect from a president dead-set on dragging the United States back to the Gilded Age, an era marked by immense wealth inequality and widespread corruption.

As Chris Hayes noted on “All In” on Thursday, the contrasting images of Trump that day — whipping votes for a House budget with deep cuts to social programs, such as food aid and health care, in the morning, and in the evening reportedly helicoptering into a ritzy and self-enriching dinner for a few minutes — is too glaring to ignore.

https://www.msnbc.com/top-stories/latest/justin-sun-white-house-crypto-trump-meme-coin-rcna208769

Fortune: Influencer who attended Trump’s memecoin dinner says he got a ‘Walmart steak’—and no access to the president

Nicholas Pinto, a 25-year-old social media influencer, accumulated more than $360,000 in President Donald Trump’s cryptocurrency to attend an “unforgettable Gala DINNER” with the commander-in-chief. The food, though, was forgettable. “Trash,” Pinto texted Fortune during the banquet. “Walmart steak, man.”

The menu included a “Trump organic field green salad” and an “entrée duet” of filet mignon and pan-seared halibut. “Everyone at my table was saying the food was some of the worst food that they ever had,” said Pinto after the meal.

Was the price tag worth it? “I was hoping for either Big Macs or pizza,” Pinto said, referring to the president’s well-known taste for McDonald’s. “That would have been better than the food that we were served.”

Pinto was still hungry after the underwhelming meal. “The only good part,” he told Fortune, “[was] the bread and the butter.”

Pinto must not have bought enough of King Donald’s crypto, clearly not enough to qualify for the White House tour. Poor baby.

https://www.msn.com/en-us/money/companies/influencer-who-attended-trump-s-memecoin-dinner-says-he-got-a-walmart-steak-and-no-access-to-the-president/ar-AA1FmsvQ

The Hill: Democrats rip Trump ahead of meme coin dinner: ‘Orgy of corruption

However, the announcement of the dinner last month, which urged investors to load up on $TRUMP to secure one of 220 spots at the “intimate private dinner,” has sparked a new level of backlash. 

“Donald Trump’s dinner is an orgy of corruption,” Sen. Elizabeth Warren (D-Mass.) said Thursday. “That’s what this is all about. We are here today to talk about exactly one topic: corruption, corruption in its ugliest form.”  

“Donald Trump is using the presidency of the United States to make himself richer through crypto, and he’s doing it right out there in plain sight,” she added. “He is signaling to anyone who wants to ask for a special favor and is willing to pay for it exactly how to do that.” 

https://thehill.com/policy/technology/5314955-trump-meme-coin-dinner-criticism

Daily Beast: Everyone Wants to Know Who Was at Trump’s Secretive Dinner

The top 25 investors were invited to a special pre-dinner reception and tour, although details of the tour were not listed on the $TRUMP website.

Despite ethical questions raised over being able to buy access to the president, White House press secretary Karoline Leavitt told reporters it was not an official event. “The president is attending it in his personal time,” she said on Thursday. “It is not a White House dinner, it’s not taking place here at the White House.”

Speaking to Anderson Cooper on Thursday, Democratic Senator Chris Murphy questioned the mystery around the guest list. “This might be close to the top of the most corrupt things that the president has done,” Murphy said. “There are 200 plus anonymous individuals who paid their way to meet with President Trump.”

https://www.thedailybeast.com/everyone-wants-to-know-who-was-at-trumps-secretive-dinner

USA Today: Trump’s crypto dinner: Black ties, a Chinese billionaire and ethics questions

Referencing Trump’s business moves while in office, an ethics expert said, “His is one of the most blatant and appalling instances of selling access to the presidency I’ve ever seen.”

President Donald Trump dined with 220 investors who plowed a combined $148 million into his crypto venture, boosting the growing crypto industry and inviting a torrent of criticism about the ethical implications.

Black-tie dinners with the wealthy are nothing new for Trump. But this event, which took place on the evening of May 22 at his golf club in Sterling, Virginia, stood out among the annals of presidential dining.

The dinner with the president was a reward for making the leaderboard in a contest to be among the top purchasers of the $TRUMP meme coin, a type of cryptocurrency. The top 25 buyers spent more than $111 million and were granted a private VIP reception with Trump, while the top four also received a limited edition Trump Tourbillon watch that sells for $100,000.

This is corruption and influence-peddling at is finest. King Donald is for sale!

https://www.usatoday.com/story/news/politics/2025/05/22/trump-crypto-dinner-ethics-meme-coin/83787117007

CNBC: 58 crypto wallets have made millions on Trump’s meme coin. 764,000 have lost money, data shows

  • 58 wallets have made over $10 million each from President Donald Trump’s meme coin, totaling $1.1 billion in profits, blockchain analytics firm Chainalysis said.
  • 764,000 wallets of mostly small holders have lost money on $TRUMP, according to the firm.
  • The $TRUMP event, set for May 22 at Trump National Golf Club, Washington, D.C., includes a reception for the 25 wallets with the largest balance, along with a White House tour.

About 764,000 wallets that purchased President Donald Trump‘s $TRUMP meme coin have lost money on the investment, according to fresh data shared with CNBC by blockchain analytics firm Chainalysis.

Most of the wallets that lost money held smaller amounts of the token, according to the firm’s on-chain analysis. …

Chainalysis said that while around 2 million wallets have bought into the token, 58 wallets made more than $10 million apiece, totaling roughly $1.1 billion in gains.

https://www.cnbc.com/2025/05/06/trump-meme-coin-crypto.html