US lawmakers are questioning whether Donald Trump plans to attend a memecoin-related event in Florida or is leveraging it to generate fees, according to reports.
The event, scheduled for April 25 at Mar-a-Lago, coincides with the White House Correspondents’ Association Dinner in Washington, DC, which Trump previously said he intended to attend.
According to the project’s terms, Trump “may not be able to attend” the memecoin gathering, raising uncertainty about the event and prompting scrutiny from senators over potential conflicts of interest.
Lawmakers are examining whether the event could amount to “selling access” to the presidency, particularly as Trump has previously participated in crypto-related gatherings, including Bitcoin 2024 and earlier memecoin holder events.
The controversy comes as Congress continues to debate crypto market structure legislation, with no clear agreement reached between lawmakers and industry participants.
The US House previously passed the CLARITY Act in July 2025, but progress has stalled in the Senate amid concerns over tokenised equities, stablecoin yields and broader regulatory risks.
A White House statement also pushed back on provisions in the bill, arguing that restrictions on stablecoin yield would have limited impact on protecting traditional banking, leaving the timeline for reform uncertain.