Key insights
- Donald Trump will address a cryptocurrency conference focused on the $TRUMP meme coin. This event has drawn criticism from Democratic senators, who are concerned about potential conflicts of interest and are calling for congressional oversight. While the event highlights Trump's involvement in crypto ventures, its direct impact on the broader US equity market is limited, with a slightly negative sentiment due to potential regulatory scrutiny.
By Kanishka Singh
WASHINGTON, April 23 (Reuters) - U.S. President Donald Trump will deliver remarks to a cryptocurrency conference on Saturday in Palm Beach, Florida, the White House said late on Thursday.
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An upcoming major cryptocurrency gathering at the private Mar-a-Lago Club has faced criticism and scrutiny from some Democrats.
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Trump has launched a slate of crypto-friendly policies since returning to the White House in January 2025.
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The conference’s website says Trump will be its keynote speaker.
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The website says the attendance at the conference is "strictly limited" to the top 297 holders of the meme coin $TRUMP, named in the Republican leader’s honor.
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When news of the conference emerged earlier this month, some Democratic senators said the U.S. Congress must "take steps to prohibit and prevent these egregious conflicts of interest."
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"It is essential that Congress fully understand the extent to which President Trump and his family are profiting off of his cryptocurrency ventures," Democratic U.S. Senators Elizabeth Warren, Adam Schiff and Richard Blumenthal said.
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Trump is involved in numerous crypto ventures, including an eponymous meme coin and a venture called World Liberty Financial that is led by his family.
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Trump has denied any wrongdoing.