BlockBeats News, May 6th, according to CNBC, this month, Trump has scheduled two dinners with cryptocurrency as the main theme — one targeting wealthy political donors and another targeting "Meme Coin" millionaires.
The first dinner is set for Monday, with a fundraising amount of $1.5 million per person, making it one of the most expensive political fundraising events recently. The second dinner will take place on May 22nd, where participants will have the opportunity to interact with Trump's inner circle; however, participation is not through cash donations but by holding TRUMP tokens.
The "Cryptocurrency and Artificial Intelligence Innovators Dinner," hosted by MAGA Inc., was held on May 5th, with Trump and David Sacks in attendance.
The fundraising committee, MAGA Inc., is a super PAC supporting Trump. It is currently unclear how the PAC will leverage the millions of dollars raised through a series of dinners this spring.
The cryptocurrency community is delighted by Sacks's growing influence in Washington, stating that he and other Trump-appointed officials have helped bring about a major policy shift that has seen a series of regulatory victories across multiple federal agencies. Many industry executives describe this as a 180-degree turn from the policies of President Joe Biden's administration.