A clip of Eric Trump bragging about profiting over $1 billion from crypto is going viral — just as the family’s crypto business empire plots its next spectacle.
This time, the first family’s memecoin machine is back with another high-stakes pitch: buy in, and you might get a seat at President Donald Trump’s Mar-a-Lago estate in Florida on April 25.
The team behind the TRUMP memecoin is inviting its biggest 297 holders to a gala lunch, with Donald Trump billed as the keynote speaker alongside “the world’s power players” including Ark Invest chief Cathie Wood, Tether CEO Paolo Ardoino, and Silicon Valley scion Tim Draper.
“This event will be a memory you will talk about forever!” the official website says. “There will be no private meetings with the President. No gifts will be accepted.”
Fight Fight Fight LLC, the entity behind the TRUMP memecoin’s official website, did not immediately respond to a request for comment from DL News.
The event will happen just two months after the Trump family crypto startup World Liberty Financial gathered a star-studded lineup including the heads of Coinbase, Goldman Sachs, FIFA, and other prominent figures in a mix of capital, celebrity and crypto clout.
It comes as the memecoin trades over 95% below its January 2025 all-time high.
The president is highly supportive of the nascent industry. He has wielded the power of the Oval Office to support cryptocurrency firms over legacy financial institutions, a dynamic unseen in prior administrations.
He has used his influence to appoint industry supporters to key government positions, sign a landmark stablecoin bill into law, regulators adopt more light-touch policing of the sector, and to back a far-reaching markets bill.
‘Crypto corruption club’
The event is the second time the Trump family has staged a private gala for buyers of the president’s memecoin.
Last May, the top 220 holders of the token, which launched days before Trump’s January 2025 inauguration, were invited to a private dinner at the family’s Virginia golf club.
In the months leading up to the event, investors piled millions into buying the memecoin, hoping that it would be enough to snatch a ticket. Trump made a brief appearance.
Democrats derided the gathering as a “crypto corruption club,” casting it as a case study in a president monetising proximity to power.
Critics also pointed to the roster of international guests, which featured Chinese-born Tron founder Justin Sun and the pseudonymous co-founder of Singapore-based MemeCore, underscoring the global draw of the event and raised concerns over undue foreign influence.
Karoline Leavitt, the White House press secretary, said at the time that there was nothing wrong with the dinner.
“It’s absurd for anyone to insinuate that this president is profiting off of the presidency,” she said. “This president was incredibly successful before giving it all up to serve our country publicly.”
This year, the scale and stakes are bigger. The invite list has expanded to the top 297 holders, with the top 29 promised a “VIP reception” with their “favourite president” and celebrity guests.
One key detail remains unresolved: whether Trump will actually attend. The event website says yes, in all caps. But the president is already scheduled to appear at the prestigious White House Correspondents’ Dinner on the same day.
Democrats ramp up attacks
The Trump family’s crypto ties are emerging as a key attack point for the Democratic Party ahead of the crucial midterm elections later this year.
Leading the charge is Senator Elizabeth Warren, an outspoken critic of the crypto industry. She and others have called for a probe into one of the Trump family’s top crypto ventures and launched an investigation into Binance, which custodies nearly 90% of a Trump-linked stablecoin.
And experts expect more attacks like it.
“As the midterm elections approach, various political actors are naturally highlighting distinctions in policy and personal financial involvement to mobilise their respective bases,” G Clay Miller, partner at digital asset consultancy Penrose Partners and previous Brooklyn County Democratic Committee member, told DL News earlier in March.
The White House has consistently denied allegations of wrongdoing.
“The president has no involvement in business deals that would implicate his constitutional responsibilities,” White House counsel David Warrington told DL News in February.
