NEWS: Sen. Schiff Joins Warren, Blumenthal to Investigate Trump Mar-a-Lago Memecoin Conference

Senators request documents on whether the President played a role in planning, promoting, and profiting from April 25 crypto luncheon gala

"It is essential that Congress fully understand the extent to which President Trump and his family are profiting off of his cryptocurrency ventures."

Washington, D.C. - U.S. Senator Adam Schiff (D-Calif.) joined Senators Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, and Richard Blumenthal (D-Conn.), in investigating and requesting documents, communications, and information about the conference and gala luncheon on April 25, 2026 at Mar-a-Lago to better understand the extent of the President's role in planning, promoting, and potentially profiting off of the conference.

The conference reportedly limits attendance to the top 297 $TRUMP token holders and offers special VIP access to President Trump to the top 29 holders based on their coin holdings. In the letter, the Senators note that CIC Digital LLC, an affiliate of the Trump Organization, and Fight Fight Fight LLC collectively own 80% of Trump Cards and receive trading revenue from $TRUMP activity.

"The announcement of the Conference 'set off a quick but brief run-up in the price of the $TRUMP meme coin, which reached $3.08 before tumbling back down,'" the Senators highlighted. "President Trump financially benefits from the market value and activity of the $TRUMP cryptocurrency."

"Notably, not all $TRUMP holders have benefited from their investment: according to recent reports, $TRUMP - and the First Lady's meme coin, $MELANIA - "erased an estimated $4.3 billion in retail wealth" in recent months, with "roughly 2 million holders currently underwater" (insiders, however, reportedly made a fortune: forty-five 'early-deployment wallets' earned $1.2 billion off the meme coins-meaning that 'for every dollar insiders earned, retail investors lost $20')," they continued. "Despite Fight Fight Fight LLC's promotion of the event as a way for $TRUMP investors to access the President, it remains unclear whether or not President Trump will actually be able to attend."

"In other words, event organizers are promoting a conference by dangling access to President Trump to potential attendees (and in doing so, are encouraging purchases of his meme coin that will generate transaction fees for the President and his family) on a day he may not actually be able to attend," they concluded. "We have previously raised concerns with President Trump's willingness to use the presidency for personal profit - including a similar dinner President Trump promoted for meme coin holders last year. It is essential that Congress fully understand the extent to which President Trump and his family are profiting off of his cryptocurrency ventures. Congress must also take steps to prohibit and prevent these egregious conflicts of interest."

The Senators are requesting documents in writing no later than April 21, 2026.

Read the full text of the letter here and below:

Dear Mr. Zanker,

We write regarding the "Crypto & Business Conference" currently being "organiz[ed]" by Fight Fight Fight LLC. The conference, advertised for April 25, 2026, at Mar-a-Lago, promises access to President Trump and appears designed to boost his personal meme coin, $TRUMP, amidst reports that the coin has lost retail investors billions of dollars. To help us better understand the President's role in planning, promoting, and profiting off of the conference, we request documents, communications, and related information from Fight Fight Fight LLC.

On March 12, 2026, "the memecoin's official website and its social media account…began promoting the event" to the public. Attendance at the Conference at Mar-a-Lago is limited to "the Top 297 $Trump Qualifying Participants" and offers special access to "YOUR FAVORITE PRESIDENT" for "the top 29 qualifying VIPs." The event includes "a GALA LUNCHEON with Keynote Speaker President Donald J. Trump." "Qualifying Participants" are determined based on their ranking on the meme coin's "leaderboard" and users "TRUMP Reward Points."6 VIP eligibility, meanwhile, is "locked in based on your time-weighted $TRUMP holdings" from April 10, 2026, through April 26, 2026: "if your $TRUMP balance stays at or above your Snapshot Day [April 10, 2026] level…you keep ALL VIP bonuses"; if not, "you may still attend the Conference & Gala Luncheon, but VIP bonuses might be forfeited." VIP Participants also are promised access to "Superstar guests," a "Special VIP Talk on Mar-a-Lago's History. Very, Very Special," and "Upfront VIP Seating."

The announcement of the Conference "set off a quick but brief run-up in the price of the $TRUMP meme coin, which reached $3.08 before tumbling back down." President Trump financially benefits from the market value and activity of the $TRUMP cryptocurrency. Specifically, "CIC Digital LLC, an affiliate of The Trump Organization, and Fight Fight Fight LLC collectively own 80% of the Trump Cards"; in turn "CIC Digital LLC and Celebration Cards LLC, the owner of Fight Fight Fight LLC, will receive trading revenue derived from trading activities of Trump Meme Cards."s Notably, not all $TRUMP holders have benefited from their investment: according to recent reports, $TRUMP - and the First Lady's meme coin, $MELANIA - "erased an estimated $4.3 billion in retail wealth" in recent months, with "roughly 2 million holders currently underwater" (insiders, however, reportedly made a fortune: forty-five "early-deployment wallets" earned $1.2 billion off the meme coins-meaning that "for every dollar insiders earned, retail investors lost $20").

Despite Fight Fight Fight LLC's promotion of the event as a way for $TRUMP investors to access the President, it remains unclear whether or not President Trump will actually be able to attend. According to White House officials, "the event is not locked in on Trump's schedule," as it occurs on the same day as the White House Correspondent's Dinner - which the President is slated to attend in Washington, D.C. Meanwhile, the event's fine print makes clear that the President's involvement is not guaranteed. Specifically, "President Trump may not be able to attend the 2026 Event, and the 2026 Event may be cancelled for any reason." Should President Trump be "unable to attend the 2026 Event," the event "may be rescheduled" at the "sole discretion" of event organizers - or, "persons who are qualified for the 2026 Event will receive a limited edition TRUMP NFT in lieu thereof." In other words, event organizers are promoting a conference by dangling access to President Trump to potential attendees (and in doing so, are encouraging purchases of his meme coin that will generate transaction fees for the President and his family) on a day he may not actually be able to attend.

We have previously raised concerns with President Trump's willingness to use the presidency for personal profit - including a similar dinner President Trump promoted for meme coin holders last year. It is essential that Congress fully understand the extent to which President Trump and his family are profiting off of his cryptocurrency ventures. Congress must also take steps to prohibit and prevent these egregious conflicts of interest. To help us better understand President Trump's involvement in planning, promoting, and profiting off of the April 25, 2026, conference, we request the following no later than April 22, 2025:

1. Provide copies of all communications, including but not limited to emails, texts, call records, and summaries of verbal conversations, between any employee of, or individual operating on behalf of, Fight Fight Fight LLC and President Trump regarding the proposed April 25, 2026, Mar-a-Lago Crypto & Business Conference.

1. Provide copies of all communications, including but not limited to emails, texts, call records, and summaries of verbal conversations, between any employee of, or individual operating on behalf of, Fight Fight Fight LLC and members of President Trump's immediate family (or any individual operating on behalf of his immediate family members) regarding the proposed April 25, 2026, Mar-a-Lago Crypto & Business Conference, including Melania Trump, Donald Trump Jr., Eric Trump, and Baron Trump.

1. Provide copies of all communications, including but not limited to emails, texts, call records, and summaries of verbal conversations, between any employee of, or individual operating on behalf of, Fight Fight Fight LLC and any employee of the White House regarding the proposed April 25, 2026, Mar-a-Lago Crypto & Business Conference.

1. Provide copies of all communications, including but not limited to emails, texts, call records, and summaries of verbal conversations, between any employee of, or individual operating on behalf of, Fight Fight Fight LLC and any employee of, or individual operating on behalf of, Celebration Cards LLC regarding the proposed April 25, 2026, Mar-a-Lago Crypto & Business Conference.

1. Provide copies of all communications, including but not limited to emails, texts, call records, and summaries of verbal conversations, between any employee of, or individual operating on behalf of, Fight Fight Fight LLC and any employee of, or individual operating on behalf of, CIC Digital LLC regarding the proposed April 25, 2026, Mar-aLago Crypto & Business Conference.

1. Conference organizers boast that "18 of the World's Most Influential SUPERSTARS" will be in attendance. Who are these "SUPERSTARS," and is their attendance confirmed?

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