Due to potential scheduling conflicts, some senators want to know whether the president plans to attend the luncheon for memecoin holders in Florida or if he just wants to collect fees from it.
Reports indicate that three U.S. senators have asked one of the behind-the-scenes individuals of President Donald Trump's memecoin to clarify whether the president intends to 'use the opportunity for contact as bait' at a luncheon event, as he is already scheduled to attend the White House Correspondents' Association dinner that day.
According to (politicians) on Thursday, Senators Elizabeth Warren, Richard Blumenthal, and Adam Schiff sent a letter to Bill Zanker, the official behind the Trump (TRUMP) meme coin issuance. The bill's sponsors questioned whether Trump is using his attendance at the luncheon event scheduled for April 25 to promote himself, as this memecoin project announced the event in March.
According to Politico, the letter to Zank stated: "Organizers threw out the opportunity to meet President Trump to promote the event to potential attendees (doing so to encourage them to purchase his meme coin, which would generate transaction fees for the president and his family), while he himself may actually be unable to attend."
The meme coin event hosted by Trump at Mar-a-Lago in Florida is scheduled for April 25, the same day as the White House Correspondents' Association dinner in Washington, D.C. Trump stated on March 2 that he plans to attend for the first time after boycotting the event during his first term. Even before taking office, Trump had attended multiple cryptocurrency-themed events, from the Bitcoin 2024 conference to the first TRUMP meme coin holders' dinner in May 2025.
According to the terms and conditions of the meme coin project, Trump "may not be able to attend" the event on April 25, and the event could be canceled for any reason. Cointelegraph sought comment from the White House regarding the president's schedule and travel expenses but did not receive an immediate response.
The discussion on the structure of the cryptocurrency market in the United States is still ongoing
Amid concerns from senators about potential conflicts of interest and the "sale of presidential access opportunities," legislators and industry leaders have not publicly announced a compromise to push the digital asset market structure bill forward in Congress and ultimately sign it into law.
In July 2025, the U.S. House of Representatives passed the CLARITY Act, aimed at establishing a market structure framework for cryptocurrency in the United States. The bill was subsequently submitted to the Senate, where the Senate Agriculture Committee advanced the legislation in January, but the Senate Banking Committee indefinitely postponed its review due to concerns regarding tokenized stocks, stablecoin yields, and ethical issues.
As of Thursday, the Senate Banking Committee has not scheduled a review of the bill, and this step is crucial for addressing securities law issues before a potential full-house vote. The White House issued a statement on Wednesday saying that the ban on stablecoin yields in the bill “does little to protect bank lending” amidst concerns in the banking and cryptocurrency industries.