Donald Trump plans to host a private banquet bringing together key players in the cryptocurrency sector, which may impact regulatory views.
Trump's Banquet and Cryptocurrency Investments
On May 22, Trump National Golf Club in Washington will host a private banquet, inviting major investors and top holders of the $TRUMP meme coin. This event underscores the intersection of politics and cryptocurrency investment, attracting attention to Trump’s potential regulatory influence.
Regulatory Concerns and Influence
The participation of high-profile investors raises questions about their influence on cryptocurrency regulation. Many invited holders have opted for anonymity, using untraceable wallets, emphasizing privacy. 'These holders are shrouded by their anonymous crypto usernames,' stated Tony Carrk, Executive Director of Accountable.US.
The $TRUMP Coin and Market Trends
The $TRUMP meme coin has shown historical price volatility heightened by exclusive events like Trump's banquet. As of May 17, 2025, the coin is priced at $12.52 with a market cap of approximately $2.50 billion. Recent price changes include a 3.95% decline over 24 hours and a 10.19% drop over seven days.
Thus, Trump's banquet, coupled with investor activity in cryptocurrency, could lead to changes in regulatory standards and increased market volatility.
