TRUMP Coin Gala: Trump Backs Bitcoin and Crypto as Banks Plan U.S. Stablecoin
President Donald Trump hosted a high-profile Trump Coin Gala at his Virginia golf club, declaring the United States is dominating in Bitcoin(BTC) and crypto—and aimed to increase USA dominance in the field of crypto and blockchain. The event was exclusive to top investors in his $TRUMP meme coin. Around 200+ crypto holders were given invitations as they held an average of $1.8 million in $TRUMP tokens, according to the sources of The Crypto Information. This closed-door gathering took place amidst ongoing scrutiny over Trump’s growing involvement in the digital asset space.
Crypto Gala Draws VIPs, Protesters, and Millions in Trade Fees
In the TRUMP coin gala, a new meme coin $USDO owned by NBA star Lamar Odom was heavily promoted. Attendees arrived in luxury vehicles, bypassing roughly 100 protesters chanting slogans like “Crypto corruption” and “America is not for sale.” This exclusive crowd reportedly owns substantial stakes in the $TRUMP coin project.
$TRUMP Coin Controversy
- Trump hosted a lavish crypto gala for $TRUMP coin holders, declaring U.S. dominance in Bitcoin and pledging strong crypto support.
- The $TRUMP coin’s trade model raised $324M in fees, with 80% controlled by Trump-linked firms, sparking ethical and legal scrutiny.
- Major U.S. banks, including JPMorgan and Wells Fargo, are exploring a shared stablecoin as institutional interest in crypto deepens.
Two Trump-linked firms control 80% of the token supply. While sales are temporarily restricted, every trade generates a fee. Hence, transaction volume has driven over $324 million in fees since January, per the analysis by The Crypto Information. Although it remains unclear how much Trump personally receives, the model has sparked ethical concerns. Former Treasury official Ken Papaj criticized the setup and the TRUMP Coin.
TRUMP Coin Price Prediction
The $TRUMP coin is an official meme coin of Donald Trump, the president of the United States. Since its launch, it saw a dramatic rise to over $60 before plummeting to around $13, reflecting its high volatility. Analysts offer mixed price predictions for 2025, ranging from bearish forecasts of $7.06 to bullish targets of $100, depending on market momentum and political developments. Moreover, 80% of the supply is controlled by Trump and people linked to him raising concerns about centralization, ethical transparency, and market manipulation.
Big Banks Eye Stablecoin Amid Growing Crypto Influence
After the Trump Coin Gala, many financial institutions and establishments are exploring and finding new opportunities in crypto to invest. The Wall Street Journal reports that major U.S. banks including JPMorgan, Bank of America, and Wells Fargo are planning to launch a new stablecoin for themselves. This development, still in its early stages, could allow multiple banks to utilize a shared token backed by fiat reserves.
Effects of TRUMP Coin Gala
Consequently, Trump’s vocal crypto support and growing blockchain adoption among banks highlight a shift in the crypto market. He has been named as the “crypto president” as he promotes digital assets as a tool to enhance the U.S. banking system and bolster dollar supremacy.
