Crypto Czar David Sacks Joins Donald Trump Jr.’s Elite New Club in D.C.

In Georgetown, Washington D.C., the Executive Branch club is set to open its doors next month, promising exclusivity at a $500,000 membership fee. Spearheaded by Donald Trump Jr. and his business partners, the club boasts founding members like David Sacks, a prominent figure in the cryptocurrency world.

• David Sacks joins elite club in D.C.
• $500,000 membership fee
• Club set to open next month

The Executive Branch, located in the heart of Georgetown, aims to be more than just a club. It’s designed as an elite, invite-only space where the political and business worlds can converge for private discussions. Set to open next month with a launch party scheduled for May 3, 2025, the club represents a new sanctuary for influential networking and potentially political maneuvering, much like the Trump International Hotel did during the first Trump administration.

David Sacks, known as the “crypto czar,” is a notable founding member. Before joining the Trump administration, Sacks divested from his crypto holdings—including Bitcoin, Ethereum, XRP, Solana, and Cardano—to avoid any conflicts of interest. Bitcoin is a decentralized digital currency, Ethereum is a blockchain platform enabling smart contracts, XRP is a digital payment protocol, Solana is known for its fast blockchain transactions, and Cardano is another blockchain platform focused on security and scalability. Sacks’ decision to sell over $200 million in assets reflects a commitment to ethical governance, especially in an era where public officials’ investments are heavily scrutinized.

Joining Sacks are other crypto luminaries like Chamath Palihapitiya and the Winklevoss twins, Cameron and Tyler, who founded the Gemini cryptocurrency exchange. The club’s exclusivity is underscored by its stringent membership requirements: a hefty $500,000 fee and a trusted referral from the owners. Despite these high barriers, the Executive Branch already has a waitlist, signaling its anticipated impact on Washington’s social-political scene.

While the Executive Branch’s membership fee is steep, it’s still lower than some other elite clubs, such as Mar-A-Lago, which charges a cool $1 million. This comparison highlights the club’s ambition to be among the most exclusive venues in the U.S., catering to those who value privacy and influence. At $500,000 a pop, you better hope the cocktail menu is worth it!

President Trump’s recent executive order establishing a Strategic Bitcoin Reserve, funded through seized tokens, adds another dimension to the crypto policy landscape in which Sacks and other members operate. This initiative reflects the administration’s approach to digital assets and underscores the complex interplay of personal investments and public policy.

However, such exclusivity raises questions about the club’s potential to influence national policy and business. While private clubs have seen a resurgence post-Covid-19, offering elite networking spaces, the high cost of entry and the focus on Trump administration figures could be seen as creating an echo chamber rather than a diverse dialogue. It’s worth considering whether the Executive Branch will truly be a hub for constructive discussions or just another playground for the rich and powerful. Discussions on platforms like Reddit highlight varied opinions on such exclusive clubs and their influence.

As we approach the club’s opening, its role in Washington’s elite circles will become clearer. Whether it will live up to its founders’ vision of being the highest-end invite-only club remains to be seen, but its impact on the city’s social and political landscape is already palpable. The broader impact of exclusive clubs on politics is a topic of ongoing debate.

Key Takeaways and Questions

• What is the purpose of the Executive Branch club?

  The club aims to create an elite, invite-only space in Washington for private conversations, particularly with Trump administration figures.

• Who are the founding members of the Executive Branch?

  Founding members include David Sacks, Chamath Palihapitiya, and the Winklevoss twins.

• What are the membership requirements for the Executive Branch?

  Members must pay a $500,000 fee and obtain a trusted referral from the club’s owners.

• When is the Executive Branch club set to open?

  The club is scheduled to open next month, with a launch party on May 3, 2025.

• What cryptocurrencies did David Sacks invest in before selling his holdings?

  David Sacks previously invested in Bitcoin, Ethereum, XRP, Solana, and Cardano.

• Why did David Sacks sell his cryptocurrency holdings?

  He sold them before taking on his Trump-appointed role to avoid any potential conflicts of interest.

• How does the Executive Branch compare to other exclusive clubs like Mar-A-Lago?

  The Executive Branch has a lower membership fee of $500,000 compared to Mar-A-Lago’s $1 million, but both clubs aim to be high-end and exclusive.