Donald Trump has promised to have dinner party with the top holders of his cryptocurrency memecoin $ TRUMP , creating a pretty all the way - cut opportunity for purchase entree to the drawing card of the free world . Freight Technologies Inc. , a North American - based shipping society , wants to take advantage . The firm ’s CEO Javier Selgas recentlyannounced — publically , on purpose , with zero consequence — that it intends to purchase as much as $ 20 million worth of $ TRUMP so that he can attempt to shape the president ’s policies on tariffs .
According to aSecurities and Exchange Commission filingmade by the company , it has tapped an institutional investor to provide funding for an initial leverage of $ 1 million Charles Frederick Worth of $ TRUMP , with the possibility of an additional $ 19 million . essentially , it ’s borrowing up to $ 20 million to get a seat at the board with Trump . The society is n’t shy about that goal , either . In apress going , Selgas say the leverage is part of the company ’s “ advancement of productive and fighting commercialism between the United States and Mexico . ”
The Trump Coin team recently announced that the top 220 holders of the $ TRUMP token would be take in to participate in a secret dinner with Trump on May 22 , with a panjandrum reception and tour for the top 25 holders — a prospect that immediatelyset off alarm bellsfor any reasonable person who believe that you should n’t be able to get a trip to the White House for lining the pockets of the chair . It was n’t knockout to imagine that someone — a chief operating officer , crypto insider , foreign actor — would grease one’s palms up some $ TRUMP for get a tooshie at the table with him for a night . It probably was a fiddling less expected for a company to issue a crush sack about enacting that strategy .
A golden Trump coin on top of dollar bills and an for the Trump meme coin.© Jonathan Raa/NurPhoto via Getty Images
Per theleaderboard on the Trump Coin site , the $ 1 million investment should be enough to get Selgas and Freight Technologies in the doorway for dinner . The current top holder of $ TRUMP is Justin Sun , the founding father of crypto political platform TRON , which was look into by the SEC forallegedly manipulating the price of the cryptocurrency . He reserve or so $ 1.2 million worth of $ TRUMP , and is one of only two multitude who currently have more than $ 400,000 Charles Frederick Worth of the item .
ruff , for his part , is acting like he does n’t know anything . During an appearance on NBC News’Meet the Pressover the weekend , Trumpsaid“I have n’t even look ” when asked if he had gain off his cryptocurrency , which launched shortly before he took government agency for the second meter . “ If I own stock in something , and I do a good problem , and the market goes up , I suppose I ’m profiting , ” he said , which is a passably good encapsulation of just how deep his reason of the crypto space .
He does n’t have to wait to profit , of course . Around 80 % of all $ TRUMP coin are have by two entities : CIC Digital , an affiliate of the Trump organization , and Fight Fight Fight LLC , which is co - possess by CIC Digital . So the Brobdingnagian majority of the tokens are already in Trump ’s pockets . When people purchase the nominal , like , for instance , when there is an announcement that holding the coin could get you a private dinner party with the president , the price get up , and so does the time value of Trump society holdings . They also “ receive trading revenue derive from trading natural process , ” per the Trump Coin site , so they ’re cash in in on each transaction , too .
Trump has always been a transactional person . Now it just happens to be logged to the blockchain .
CryptocurrenciesDonald TrumpTariffstrump coin
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