DC Report: cryptocurrency leader David Sacks affiliates with Donald Trump Jr's exclusive, invitation-only social club in the capital.
One of Silicon Valley's Biggest Names, David Sacks, Joins Trump Jr's Elite Club
Step aside, exclusive social clubs-there's a new kid on the block, and it's packed with power players and big-time crypto enthusiasts. The Executive Branch, Donald Trump Jr's latest brainchild, is a hot ticket among the industry's elite. And who's the kingpin of the club? None other than venture capitalist and crypto czar, David Sacks.
According to recent reports by Politico, Donald Trump Jr is teaming up with his business partners at the 1789 Capital fund, such as financier Omeed Malik and Chris Buskirk. Other co-owners include Alex and Zach Witkoff, sons of Steve Witkoff, Trump's diplomatic envoy. Apart from the Trump family, other known founding members include David Sacks, Chamath Palihapitiya, and the Gemini founders, Cameron and Tyler Winklevoss.
The Executive Branch is set to become the second private club managed by a member of the Trump family after Mar-A-Lago, which recently escalated their membership fee to a whopping $1 million. This new club is slated to open in a building in Georgetown, Washington D.C, and the launch party is planned for May 3, 2025.
Unsurprisingly, the membership fee of $500,000 is no barrier for those eager to join the club. However, prospective members must not only pay the hefty fee, but they must also be vouched for by the club's owners through a trusted referral process.
Last month, crypto czar David Sacks made headlines when he announced he had sold his entire crypto holdings prior to taking up his Trump-appointed role. Those holdings included major tokens like Bitcoin, Ethereum, XRP, Solana, and Cardano.
The Executive Branch aims to establish the ultimate, invite-only networking haven for business and tech elites, offering them access to former Trump administration officials. With their strict membership policies and a focus on excluding media scrutiny, the club hopes to offer an exclusive environment for wealthy members to mingle and connect.
- The Executive Branch, a new club spearheaded by Donald Trump Jr, attracts heavyweight crypto enthusiasts like David Sacks.
- Venture capitalist and crypto mogul, David Sacks, is a prominent member of The Executive Branch.
- Politico reported that Donald Trump Jr is partnering with 1789 Capital fund members, including Omeed Malik and Chris Buskirk.
- The Witkoff brothers, Alex and Zach, are also co-owners, sons of Steve Witkoff, Trump's diplomatic envoy.
- Apart from the Trump family, Chamath Palihapitiya, Gemini founders Cameron and Tyler Winklevoss, and David Sacks are among the known founders.
- The Executive Branch, scheduled to open in Georgetown, Washington D.C, aims to follow Mar-A-Lago's footsteps with a $1 million membership fee.
- The launch party is set for May 3, 2025, and potential members must be vouched for by the club's owners through a referral process.
- Last month, David Sacks announced he had sold his Bitcoin, Ethereum, XRP, Solana, and Cardano tokens before his Trump-appointed role.
- The Executive Branch aims to be an elite, networking haven for business and tech leaders, providing access to former Trump administration officials.
- With strict membership policies and a media-free environment, the club seeks to offer an exclusive platform for the wealthy to network and connect.
- The crypto world is keenly watching how The Executive Branch will incorporate cryptocurrencies and blockchain technologies in its operations.
- In the future, it's possible to see The Executive Branch integrating DEXs, ICOs, and casino-related technologies like casino games, lotteries, sports betting, and poker for its members.
- The casino-and-gambling sector, along with crime-and-justice, could significantly impact policy-and-legislation and politics given the club's high-profile membership.
- Responsible-gambling advocates and general-news outlets will closely monitor The Executive Branch's policies, trends, and war-and-conflicts related to its casino-and-gambling activities.
