Trump's Son Establishes "Executive Branch" Private Club in April, with Membership Fee of Up to $500,000

BlockBeats News, October 29th. According to CNBC, Donald Trump Jr, the son of former President Donald Trump, founded a private club called "Executive Branch" in Washington D.C. in April this year. The membership fee is as high as $500,000, and founding members include White House crypto advisor David Sacks, crypto exchange Gemini co-founders the Winklevoss brothers, and tech investor Chamath Palihapitiya. The club only accepts founder recommendations and rigorously screens membership applications. "Executive Branch" was co-founded by Donald Trump Jr and executives from 1789 Capital, an investment firm Trump Jr. joined as a partner last year.

Sources revealed that in addition to the $500,000 membership fee, the club will also charge an annual fee, the specific amount of which has not been disclosed. The role "Executive Branch" plays in the Washington social and political circles may be similar to the Trump International Hotel in Washington, D.C. during the first Trump administration. The Trump hotel was a popular gathering place for government officials, Republican congressional leaders, foreign dignitaries, lobbyists, and business leaders. Potential members of this club must undergo strict review and approval by the founders. While some potential members are willing to pay $1 million to join, membership still requires recommendations and strict screening.