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Trump's $1.5M Dinner Draws Crypto, AI Leaders, Shifts Policy

Coin WorldMonday, May 5, 2025 1:10 pm ET

1min read

Donald Trump is set to attend a high-profile "Cryptocurrency and AI Innovators" dinner, with tickets priced at $1.5 million each. This event, scheduled for May 5th, is hosted by maga Inc., a super PAC supporting Trump. The dinner aims to bring together key figures in the cryptocurrency and artificial intelligence sectors, providing an exclusive opportunity for attendees to engage with Trump and his inner circle.

The fundraising committee, MAGA Inc., is leveraging this event to raise significant funds. The dinner is part of a series of high-stakes fundraising efforts this spring, with the proceeds expected to support Trump's political endeavors. The event's high ticket price underscores the exclusive nature of the gathering, attracting wealthy donors and industry leaders.

David Sacks, a prominent figure in the cryptocurrency community, was also in attendance at the dinner. Sacks' growing influence in Washington has been noted by industry executives, who believe his involvement, along with other Trump-appointed officials, has led to a significant policy shift. This shift is seen as a major departure from the regulatory stance of the current administration, with the cryptocurrency community welcoming the changes.

The dinner is one of two cryptocurrency-themed events Trump has scheduled this month. The second event, set for May 22nd, will focus on "Meme Coin" millionaires and will not require cash donations for participation. Instead, attendees will need to hold TRUMP tokens to secure their place at the table. This innovative approach highlights the intersection of cryptocurrency and political fundraising, showcasing Trump's strategic use of digital assets to engage with his supporters.

The cryptocurrency community's enthusiasm for Sacks' influence is palpable, with many industry executives praising the regulatory victories achieved under Trump's administration. These victories span multiple federal agencies and are seen as a 180-degree turn from the policies of the current administration. The community's optimism reflects a broader sentiment that Trump's policies are more favorable to the growth and development of the cryptocurrency industry.

While the exact use of the funds raised through these dinners remains unclear, the event underscores Trump's continued engagement with the cryptocurrency community. The high-profile nature of the dinner and the exclusive guest list highlight the strategic importance of the cryptocurrency sector in Trump's political and fundraising efforts. As the industry continues to evolve, Trump's involvement signals a growing recognition of the sector's potential and influence.

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