It seems like a triumph for a cryptocurrency industry that has long sought mainstream acceptance: Top investors in one of President Donald Trump ’s crypto projects invited to dine with him at his luxury golf club in Northern Virginia on the heels of the Senate advancing key pro-crypto legislation and while bitcoin prices soar.

The price of bitcoin rallied to a record high above $109,400 on Wednesday as a Stablecoin bill advances. President Trump will host a dinner for meme coin holders.

Most of the crypto investors who bought Trump’s meme coin for a chance at dinner with the president remain anonymous. Some are publicly celebrating their invitation.

David Sacks, US President Donald Trump’s top adviser on crypto and artificial intelligence, said the administration expects the stablecoin bill to clear the Senate with bipartisan backing. “We have every expectation now that it’s going to pass,

The Trump coin price has surged by 10% today, but could the dinner President Trump is holding tomorrow send it even higher?

Trump’s family controls World Liberty Financial, the crypto firm behind USD1—a new stablecoin now trading on KuCoin.

What to know about the Genius Act - Supporters celebrated the legislation as a way to protect consumers and set standards for the industry while critics argue it’s not a check on conflicts of interest