Senators Criticize Trump Memecoin Event Promotion

U.S. senators have raised alarms over a planned cryptocurrency conference tied to President Donald Trump's TRUMP memecoin, accusing organizers of using the president's potential appearance to drive token purchases despite a scheduling conflict that makes his attendance unlikely.

The event, dubbed a gala luncheon, is set for April 25 at Trump's Mar-a-Lago resort in Florida. Organizers, including Trump business associate Bill Zanker and the firm Fight Fight Fight LLC, have promoted it exclusively to the top 297 holders of the TRUMP token, with a VIP reception for the top 29. Participants must verify holdings via linked crypto wallets or accounts like Robinhood, based on a leaderboard from March 12 to April 10. However, the date coincides with the White House Correspondents Association Dinner in Washington, D.C., which Trump announced in March that he plans to attend for the first time since boycotting it during his first term. Event terms state that Trump's presence is not guaranteed and the gathering could be canceled or rescheduled, with affected attendees potentially receiving limited-edition TRUMP NFTs as alternatives.

Launched in January 2025 on the Solana blockchain, the...