Background: Donald Trump Jr., together with partners from 1789 Capital, co-founded "Executive Branch," a high-end private club located in Washington, D.C., with membership fees reaching 500 thousand USD, making it the second most expensive private club in the United States. The club is situated in Georgetown and is expected to open next month.

Main Events: Founding members of the club include the White House cryptocurrency lead David Sacks, technology investor Chamath Palihapitiya, and renowned crypto investors the Winklevoss twins. The club enforces a strict membership vetting process, requiring personal approval from the owners and credible recommendations. The opening party attracted several former Trump administration officials, such as SEC Chairman Paul Atkins and Secretary of State Marco Rubio.

Potential Impact: The club not only provides a networking platform for elites in the cryptocurrency and technology sectors but may also serve as an alternative social venue to the Trump International Hotel in Washington, D.C., during President Trump's tenure. Its establishment comes amid escalating US-China trade tensions and increased economic uncertainty. Trump's TRUMP meme coin has recently performed strongly, indicating his sustained influence in the crypto space. SoSoValue was mentioned in the report.

HIGHLIGHTS Donald Trump Jr. launches $500,000 membership club "Executive Branch" in Washington D.C. White House crypto czar David Sacks among founding members of the exclusive club. Launch party featured high-profile Trump administration officials, including SEC Chair Paul Atkins. A new exclusive private membership club called "Executive Branch" has launched in Washington D.C., co-founded by Donald Trump Jr. and partners from 1789 Capital. The club charges a $500,000 membership fee which makes it the second most expensive private club in the country after Mar-a-Lago, and already has a waiting list. According to CNBC reporting, the club will be located in Georgetown and is set to open next month.

Private club's executive branch co-owned by Donald Trump Jr.
White House crypto czar David Sacks, tech investor Chamath Palihapitiya, and other well-known cryptocurrency investors Tyler and Cameron Winklevoss are among the original members.

Donald Trump Jr., Omeed Malik, and Christopher Buskirk, his business partners at 1789 Capital, are co-owners of the Executive Branch. The ownership group also includes Alex and Zach Witkoff, sons of billionaire real estate developer Steve Witkoff, who serves as Middle East envoy in the Trump administration and is a longtime friend of the President.

The club's founding membership includes several prominent figures from the cryptocurrency and technology sectors. White House crypto czar David Sacks has secured founding member status, alongside crypto investors Tyler and Cameron Winklevoss. Tech investor Chamath Palihapitiya is also among the initial members.

According to CNBC's Robert Frank, prospective members must be "personally approved by the owners with a trusted referral." This creates a highly selective admission process. Despite the substantial $500,000 membership fee, the club reportedly already has a waiting list. Some prospective members are allegedly offering up to $1 million to join.

The exclusive nature of the club is further emphasized by comments from a person close to Executive Branch. In a CNBC interview, he said "We don't want members of the media or just a lot of lobbyists joining. We want people to feel comfortable having conversations in privacy."

Interestingly, the exclusive club launch comes amidst a rising trade war between the US and China. Experts even predict a US recession in 2025 if the trade war tariffs stay.
High-profile launch party features Trump administration officials
The Executive Branch club held its launch party on Saturday night. The party hosted a substantial number of high-ranking officials from the Trump administration. According to CNBC and attendee reports, the event featured Secretary of State Marco Rubio, SEC Chairman Paul Atkins, Attorney General Pam Bondi, and FTC Chairman Andrew Ferguson.

FCC chairman Brendan Carr, Tulsi Gabbard, the director of national intelligence, Dan Bongino, the deputy director of the FBI, and Mehmet Oz, the administrator of the Centers for Medicare and Medicaid Services, were among the other attendees.

The event brought in technology influencers, such as AppLovin CEO Adam Foroughi. The club also stands as a potential substitute for the function executed by the Trump International Hotel in Washington D.C. during the first Trump presidency.

The announcement comes at a time when Trump has announced a launch with his meme coin holders. His TRUMP meme coin has surged over 50% in the last seven days. CoinGape has also released a price prediction for TRUMP coin which suggests 45% bullish chances.

Donald Trump Jr. co-founded a high-end private club in Washington, with David Sacks, White House crypto lead, as a founding member.