Three U.S. senators sent a formal letter on April 8, 2026, to Fight Fight Fight LLC demanding documents, internal communications, and financial records tied to a planned crypto gala at Mar-a-Lago on April 25. The letter came from Senators Elizabeth Warren, Adam Schiff, and Richard Blumenthal, who want to know how much President Trump is involved in planning, promoting, and financially benefiting from the event.
The conference is restricted to the top 297 $TRUMP token holders. Access to President Trump himself is reserved for the top 29, ranked by time-weighted coin holdings between April 10 and April 26, 2026. Entry is not bought outright. It is earned by holding more $TRUMP.
45 Wallets. $1.2 Billion. 2 Million Holders Left Behind.
The senators’ letter to Fight Fight Fight LLC includes a figure that sits at the center of the investigation. Forty-five early-deployment wallets earned $1.2 billion from $TRUMP and $MELANIA activity. Roughly 2 million token holders are currently underwater. Total retail wealth wiped across both memecoins stands at an estimated $4.3 billion.
The math in the letter is blunt. For every dollar those insiders earned, retail investors lost $20.
Senator Warren, the ranking member of the Senate Banking, Housing, and Urban Affairs Committee, framed it directly in the Senate Banking Committee press release:
“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.”
CIC Digital LLC, an affiliate of the Trump Organization, and Fight Fight Fight LLC together own 80% of Trump Cards. Both entities collect trading revenue from $TRUMP transactions. The conference announcement on March 12, 2026, triggered a brief price spike to $3.08, according to the senators’ letter. It did not hold. The coin fell back shortly after. Senator Schiff’s office confirmed his participation in the probe in a separate press release dated April 10, 2026.
Who Actually Shows Up on April 25
There is a scheduling problem. April 25 is also the date of the White House Correspondents’ Dinner in Washington, D.C. Trump confirmed in a March 2 Truth Social post that he accepted the invitation and planned to attend. White House officials told reporters the Mar-a-Lago event was not locked in on the President’s schedule.
The fine print in the conference terms does not commit Trump to being there either. It states that Trump may not be able to attend the event and that it could be cancelled for any reason. If he cannot make it, registered attendees may receive a limited edition TRUMP NFT instead.
The senators pointed to this directly. Event organizers are encouraging $TRUMP purchases by marketing presidential access, while the terms leave open the possibility Trump does not appear at all. Still, the leaderboard mechanics mean that anyone trying to qualify for VIP status must hold or increase their $TRUMP balance. That generates transaction fees. Those fees flow to CIC Digital LLC and Fight Fight Fight LLC.
Conference Promises 18 “Superstars,” Names None
The event is being marketed as the most exclusive crypto and business conference in the world. Organizers claim 18 of the world’s most influential superstars will attend. The senators included a direct question in their letter: who are these people, and is their attendance confirmed?
No public list has been released. The senators also want all communications between Fight Fight Fight LLC and the White House, the Trump family, CIC Digital LLC, and Celebration Cards LLC. The document deadline is April 21, 2026.
For retail crypto holders in markets with limited legal recourse, the structure of this event tells a specific story. The qualification system requires holding $TRUMP to get in. Holding more gets you closer to the President. Buying and holding generates fees for entities the President has a financial stake in. All of this while 2 million holders remain in the red.
Congress, for now, is asking for paperwork.
