Trump Crypto Dinner Raises $400M, 72% from Foreign Investors

On May 22, a cryptocurrency dinner hosted by Donald Trump in Washington D.C. garnered significant attention. The event saw over 200 high-net-worth investors in the crypto field participating in an auction for the official Trump cryptocurrency token, TRUMP, to secure a dinner invitation with Trump. The total auction amount reached nearly $400 million, with one-third of the winning bids exceeding a million dollars each.

Data indicates that approximately 72% of these bidders were non-U.S. investors, hailing from various countries including Singapore and Australia. Crypto wallet analysis revealed that some participants used overseas trading platforms restricted by U.S. law, sparking discussions on the supervision of U.S. political fundraising and the legitimacy of foreign capital involvement in political activities.

The high transaction fees generated by TRUMP token transactions have brought substantial income to related companies, highlighting a new trend in cryptocurrency within political financing and vested interests. Despite the official statement of the dinner claiming it was a non-fundraising event, the blurring boundary between token holdings and political influence has raised significant compliance risks.

Overall, this event underscores the increasingly important role of crypto assets in the political field. It serves as a reminder for users to pay attention to the compliance and cost management of digital currency transactions. The BiyaPay platform is committed to creating a secure and convenient digital asset environment for users, providing zero transaction fees for digital currency transactions, greatly reducing user transaction costs. Additionally, it supports fast and secure 1:1 USDT equivalent exchange USD withdrawal services to ensure smooth and worry-free fund flow. Furthermore, the platform has access to U.S. and Hong Kong stock investment channels, achieving diversified allocation of digital currency and traditional financial assets, assisting users in asset preservation, appreciation, and stable investment. Users are welcome to participate in digital asset trading securely and compliantly through BiyaPay and seize global market opportunities.