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$Trump Gala Dinner: that and a memecoin will get you a cup of coffee [1]
['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']
Date: 2025-05-25
Trump spent 23 minutes at his gala dinner.
The price of Donald Trump’s meme coin plunged 16% hours after the president hosted a black-tie gala at his Virginia golf club for its biggest buyers.
Among the 220 attendees were crypto influencers, industry executives such as Sandy Carter of Unstoppable Domains and former NBA star Lamar Odom.
Trump delivered a brief address rehashing old crypto talking points, then left on a helicopter before taking any questions or pictures with his meme coin contest winners, an attendee said.
“It was the worst food I’ve ever had at a Trump golf course,” one attendee said. “The only good thing was bread and butter.”
According to The Wall Street Journal, major banks including JPMorgan, Bank of America and Citi are in early talks to issue a unified digital dollar to compete with Tether, the foreign-controlled stablecoin that now commands over 60% of global market share.
Those plans hinge on legal clarity.
If the GENIUS Act stalls, the U.S. could lose its window to regain ground in the global race for digital payments.
https://t.co/rxCXaNRMYv
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