On October 29, according to CNBC, Trump's eldest son Donald Trump Jr founded a private club called the "Executive Branch"(Executive Branch) in Washington in April this year, with an entry fee of up to US$500,000. Founding members include White House crypto consultant David Sacks, crypto trading platform Gemini co-founder Winklevoss brothers, and technology investor Chamath Palihapitiya. The club only accepts founder recommendations and strictly screens membership applications. "Executive Branch" was co-founded by Donald Trump Jr and executives from 1789 Capital, the investment firm where Trump Jr. became a partner last year. People familiar with the matter disclosed that in addition to a membership fee of US$500,000, the club will also charge an annual fee, the specific amount has not been disclosed. The role of the "Executive Branch" in Washington's sociopolitical circles may be similar to the Trump International Hotel in Washington, D.C., during the first Trump administration. The Trump Hotel was once a popular gathering place for government officials, Republican congressional leaders, as well as foreign dignitaries, lobbyists and business leaders. Potential members of the club must undergo rigorous review and approval by the founder, and although some potential members are willing to pay $1 million to join, membership still requires recommendation and rigorous screening.