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Politics
May 28, 2025

Who’s Coming to Dinner?

Hi Enthusiast,

Turns out, holding the most of a meme coin can get you more than bragging rights — it might also land you a seat at a dinner with a former U.S. president. Tonight, 220 crypto enthusiasts are pulling up chairs at Trump National Golf Club in D.C. after winning a very specific competition: being among the top holders of the Trump-branded $TRUMP token.

But this isn’t your average political fundraiser. The event — which coincides with Bitcoin Pizza Day — has raised eyebrows far beyond the blockchain crowd. Some see it as a celebration of crypto culture. Others? A potential ethics minefield.

Crypto Meets Campaigning

The guest list wasn’t drawn from donors or party insiders — it was determined by who had the deepest $TRUMP token wallets. Bloomberg’s deep dive into the blockchain revealed that most top holders are actually based overseas. Even more eyebrow-raising: the biggest name among them is a well-known foreign crypto investor who’s also backing WLFI, a Trump-linked financial initiative.

Critics have called it “pay-to-play with extra steps,” questioning whether the event dances too close to campaign finance violations. But attendees like Ogle — a pseudonymous blockchain entrepreneur and security adviser — say it’s not that deep. “I’ve traded millions, made millions, and have no idea if I’m up or down,” he told Sherwood News, adding he plans to wear a disguise to the dinner.

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Meme Culture at the Table

We also heard from Ice, cofounder of MemeCore and #2 on the leaderboard. His team didn’t just join for a meal — it was about symbolism. “Trump is more than a political figure,” MemeCore’s chief business officer said. “He’s a living meme.” The group’s mission, he added, is to revive global meme culture, and this dinner was a perfect moment to do just that.

There’s no telling what will be served at the dinner — though we’re hoping someone sneaks in a Bitcoin-themed pizza slice for old times' sake. But beyond the meal, the broader narrative is clear: crypto, culture, and politics are colliding in bold new ways.

The Takeaway

For some, it’s just a quirky marketing stunt. For others, it’s a flashing red light about the blurry lines between digital currencies, international influence, and U.S. politics. As Ogle pointed out, this dinner isn’t that different from other lobbying events — except it’s paid in tokens, not checks.

Also in the News…

From Music to Medicine: Casey McPherson built Alpha Rose Therapeutics after his daughter was diagnosed with a rare genetic disease. The company’s lead treatment is in preclinical development and backed by the NIH. Now, it’s opening investment to the public.

A Media Mogul’s Big Bet: Sinclair Inc. chairman David D. Smith just spent $13M buying shares of his own company. Could this signal optimism about deregulation under a potential Trump presidency — and a wave of media M&A? Investors are watching closely.

Google’s AI Overpromise? At its developer conference, Google teased a flood of new AI tools — but some analysts are skeptical. The tech giant’s challenge now? Actually shipping what it pitched.

Big Daily Movers
  • Novavax soared after its latest COVID vaccine earned FDA approval
  • UnitedHealth dropped 5% after a downgrade and report linking it to questionable nursing home practices
  • Target fell hard after missing earnings and cutting full-year guidance
  • CoreWeave wowed the Street with a double-digit gain
What Else We're Watching
  • OpenAI is acquiring a startup from Apple’s Jony Ive for $6.5B
  • Toyota might downsize its U.S. truck lineup
  • The U.S. air traffic system was called a “clunker” by airline execs
  • Generic versions of Ozempic and Wegovy are on borrowed time
  • Elon Musk’s election spending topped every other donor — by a lot

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¹ The minimum investment is $1,000. This is a paid advertisement for the Boxabl Inc. Regulation A offering. Please read the offering circular and related risks at StartEngine’s Boxabl Website.

Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.

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