CNBC reported that Donald Trump Jr. created a high-end private club called "The Executive Department" in Washington this April. The membership fee is set at a staggering $500,000, which is not something an average person can afford. The founding members include powerful figures such as White House crypto advisor David Sachs, Winklevoss twins who are co-founders of the cryptocurrency exchange Gemini, and tech investment mogul Chamath Palihapitiya.

To join this club, it’s not enough to simply have money; you also need a recommendation from a founder and must go through a strict selection process. This club was established by Donald Trump Jr. and executives from 1789 Capital, the investment firm where Donald Trump Jr. became a partner last year.

Insiders have revealed that in addition to the $500,000 membership fee, the club also charges an annual fee, although the exact amount has not been disclosed yet. The "Executive Department" club is expected to play a similar role in Washington's socio-political circle as the Trump International Hotel did during Trump's first term. Back then, the Trump Hotel was a popular gathering place for government officials, Republican congressional leaders, foreign dignitaries, lobbyists, and business tycoons.

Now, this club is no different; potential members must pass a rigorous review and approval process from the founders. Even if someone is willing to pay $1,000,000 to join, they still need a recommendation and must go through the selection process, which has a very high threshold. Currently, it’s mostly being shared internally; for those who want to learn more useful tutorials and trading strategies, join the chat room to unlock more valuable knowledge. #加密市场观察