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COINOTAG News, citing CNBC, reports that in Washington, D.C., a private club named the Executive Branch began operations in April, led by Donald Trump Jr. The membership is set at a ceiling of $500,000, with founding members including crypto advisor David Sacks, Gemini co-founders Winklevoss twins, and tech investor Chamath Palihapitiya. Entry is by founder recommendation and stringent screening, aligning with a selective invitation model.
Co-founded by Donald Trump Jr. and executives from 1789 Capital, the club is said to plan an annual fee, though the figure remains undisclosed. Industry chatter suggests the group could play a role similar to a historic Washington social hub, linking policymakers, lobbyists, and private-sector leaders. Prospective members reportedly face rigorous vetting, and several sources note willingness to pay seven figures for admission, reinforcing the nexus of politics, crypto influence, and elite finance.
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