A Bloomberg investigation revealed that more than half of the top holders of President Donald Trump’s memecoin used foreign cryptocurrency exchanges that prohibit U.S. users. The token’s issuer is offering unprecedented access to Trump in exchange for large holdings, including a May 22nd dinner and exclusive reception for the top 25 wallets.Analysts say many buyers may have circumvented restrictions using VPNs. Trump’s family stands to benefit from memecoin price surges, though they are temporarily restricted from selling their holdings.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Bloomberg Investigation revealed that more than half of the top holders of President Donald Trump's meme coin
00:07use foreign cryptocurrency exchanges that prohibit U.S. users.
00:10The token issuer is offering unprecedented access to Trump in exchange for large holdings,
00:15including a May 22 dinner and exclusive reception for the top 25 wallets.
00:20Analysts say many buyers may have circumvented restrictions using VPNs.
00:24Trump's family stands to benefit from meme coin price surges,
00:26though they are temporarily restricted from selling their holdings.
00:30For all things money, visit Benzinga.com slash GSTV.