BiyaPay analyst: Trump's crypto dinner exposed, what percentage of crypto investors are foreigners? Reflecting the bond between cryptocurrencies and political funds

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On May 22, Thursday, the Trump crypto dinner in Washington drew widespread attention. Over 200 high-net-worth crypto investors won the opportunity to have dinner with former President Donald Trump through bidding for the official crypto token TRUMP. The total auction amount reached nearly $400 million, with one-third of the winners spending over $1 million per bid. Data shows that approximately 72% of these bidders were non-US investors, covering countries such as Singapore and Australia. Crypto wallet analysis revealed that some participants used overseas trading platforms restricted by US law. This phenomenon has sparked discussions about US political fund regulation and the legality of foreign capital's participation in political activities. The high transaction fees generated by the TRUMP token brought substantial income to related companies, highlighting the new trend of cryptocurrencies in political financing and intersecting interests. Although the official dinner statement claimed it was not a fundraising event, the boundaries between token ownership and political influence are becoming increasingly blurred, with related compliance risks drawing significant attention. Overall, this event reflects the growing importance of crypto assets in the political realm and reminds users to pay attention to the compliance and cost management of digital currency transactions. BiyaPay platform is committed to creating a secure and convenient digital asset environment for users, offering zero transaction fees for digital currency trading, significantly reducing user transaction costs. Additionally, it supports fast and secure 1:1 USDT to USD withdrawal services, ensuring smooth fund flow. Furthermore, the platform provides access to US and Hong Kong stock investment channels, enabling diversified allocation of digital currencies and traditional financial assets to help users preserve and increase their wealth. Users are welcome to participate in digital asset trading safely and compliantly through BiyaPay and seize global market opportunities.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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