A crypto event linked to Trump raises questions in the Senate

US President Donald Trump is set to attend a private lunch reserved for holders of the TRUMP memecoin on April 25. Problem: the same day, he promised to attend the White House Correspondents’ Association dinner in Washington. A coincidence not missed by three Democratic senators, determined to get answers.

Three senators confront Trump with his contradictions

Politico revealed the matter on Thursday. Senators Elizabeth Warren, Richard Blumenthal, and Adam Schiff sent a letter to Bill Zanker, the man behind the launch of the Official Trump memecoin (TRUMP), to ask him a direct question: Will Donald Trump actually be present at the exclusive lunch held in Mar-a-Lago, Florida, on April 25, 2026?

The problem is obvious. The same day, the White House Correspondents’ Association dinner takes place in Washington D.C. Trump himself announced on March 2 that he intended to attend, a first since his return to power, after boycotting it during his first term.

Faced with this situation, the three senators denounce an obvious contradiction. On one hand, the project’s promoters highlight the promise of direct access to the president to attract investors to this memecoin. 

On the other hand, the project’s terms and conditions introduce a major doubt: they clearly state that Trump might not attend the event and that the organizers can cancel it at any time. 

Therefore, this ambiguity fuels suspicions of an aggressive, even deceptive, marketing strategy around the Trump crypto.

Conflict of interest or simple organizational blur?

For the senators, the question goes beyond the simple schedule. They wonder about a practice they find problematic: using the presidential office to encourage the purchase of a crypto asset from which Trump and his family directly receive transaction fees.

This is not the first time Trump is involved in the crypto world. He participated in the Bitcoin 2024 conference, then organized a first dinner for TRUMP memecoin holders as early as May 2025. Each appearance reignites debates about conflicts of interest of a president who is, in a way, a shareholder of the crypto market.

This context precisely weighs down the discussions around the CLARITY Act, the major bill aimed at regulating the digital assets market in the United States. The House of Representatives did pass the bill in July 2025, but the Senate is still struggling to move forward.

The banking committee has still not scheduled its review, held back by disagreements over yield-bearing stablecoins and ethical issues. According to Coinbase, a compromise is “very close,” but no vote date has yet been set.

As long as the conflicts of interest around Trump and cryptos remain without clear answers, the Senate will have difficulty legislating calmly. The American crypto industry awaits a solid legal framework, but politics continue to cloud the path.