The White House confirmed that United States President Donald Trump will attend the gala luncheon organized for the top holders of the TRUMP memecoin this Saturday at his Mar-a-Lago residence in Florida. Reuters reported on Friday that the President will deliver remarks to the 297 largest holders of his token, while the top 29 in the ranking will also gain access to a private reception with him.
The event had raised doubts since its announcement in March, when a White House official told Politico that it was not confirmed on the presidential agenda. The event’s own terms warned that Trump might not attend and that the gala could be canceled for any reason. The uncertainty was further compounded by conflicts with the president’s schedule that same day in Washington.
However, the confirmation did not silence the criticism. Democratic senators Elizabeth Warren, Richard Blumenthal and Adam Schiff sent a letter to Bill Zanker, the memecoin’s promoter, questioning whether the President intended to sell access to his figure to incentivize token purchases and generate income for his family through transaction fees.
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