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Trump will head back home to Palm Beach, Florida, on Saturday to speak at a private crypto conference, after the White House said late Thursday that he would deliver remarks at the event.
The gathering is tied to the $TRUMP memecoin and is set to take place at the Mar-a-Lago Club, where the website lists Trump as the main speaker. Access is not open to the public. The site says only the top 297 holders of $TRUMP can attend.
This comes as the Trump family is caught in a very public fight with their biggest crypto investor, TRON founder Justin Sun. Cryptopolitan had earlier reported that Justin filed a lawsuit against their company World Liberty Financial after accusing them of basically misleading and ripping him off millions of dollars.
Fight Fight Fight LLC sells Palm Beach access through the top 297 Trump coin wallets
The event is being pushed by Fight Fight Fight LLC, the company tied to the $TRUMP token.
On the coin’s official website and social pages, the company has promoted the Palm Beach gathering as “THE MOST EXCLUSIVE CRYPTO & BUSINESS CONFERENCE IN THE WORLD.” It has also advertised a lunch where Trump is billed as the keynote speaker.
Last month, the company said the April 25 event would be open only to the top 297 buyers of the token, while the top 29 investors would get into a smaller reception with Trump himself.
The program is expected to include several crypto entrepreneurs, along with public figures close to Trump, including former boxer Mike Tyson. The setup looks a lot like an earlier dinner Trump held at his Virginia golf club last May for 220 buyers of the same memecoin.
That earlier dinner reportedly pulled in $148 million and set off sharp criticism from Democratic lawmakers and ethics groups, who said a sitting president should not host an event that appears to reward people for buying a token connected to his own business interests rather than contributing to a campaign.
There is also a catch buried in the details. The memecoin website includes a disclaimer saying Trump might not attend the full-day event after all. If he cannot make it, the site says the gathering could be pushed to another date.
If that does not happen, qualified attendees may instead receive “a limited edition Trump NFT (Non Fungible Token) in lieu thereof.”
Democrats press Trump over crypto profits as the White House rejects conflict claims
The political backlash started building earlier this month, when news of the gathering first came out. Elizabeth Warren, Adam Schiff, and Richard Blumenthal said Congress must “take steps to prohibit and prevent these egregious conflicts of interest.”
The three Democratic senators also said, “It is essential that Congress fully understand the extent to which President Trump and his family are profiting off of his cryptocurrency ventures.” They later sent a letter to Fight Fight Fight LLC to raise those concerns directly with the company.
In that letter, the senators wrote, “We have previously raised concerns with President Trump’s willingness to use the presidency for personal profit” and pointed to the memecoin dinner from last year as another example. They also said not every holder of $TRUMP has made money.
Citing a February industry report, they said $TRUMP and $MELANIA had wiped out an estimated $4.3 billion in retail wealth in recent months, leaving 2 million holders underwater. The same report found that 45 early wallets tied to $TRUMP had made roughly $1.2 billion.
That gap between big early gains and wider retail losses is now sitting at the center of the fight around the Palm Beach event, since Trump has not placed his assets in a full blind trust or sold off his businesses, despite calls from ethics experts.
After the first memecoin dinner brought on conflict questions, Karoline Leavitt said Trump is “abiding by all conflict-of-interest laws that are applicable to the president.”
For his part, Trump told reporters some months back that he has a “very honest family” and said he had never taken his presidential salary. He has continued to vehemently deny any wrongdoing.
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