Crypto Tokens Drop, Politicians Watch Closely

The price of the Trump‑branded crypto token, known as TRUMP, fell sharply to around $2. 86 after reaching a low of about $2. 73 in March 2026, according to CoinGecko data. Another token linked to the former president’s family, WLFI, a decentralized finance platform launched by his sons, slid to roughly $0. 07 on Saturday. WLFI has lost almost 75 % of its value since peaking at $0. 31 in September 2025, while the TRUMP memecoin has dropped about 90 % from its January 2025 high of over $73. A professor critiqued the recent downturn, comparing it to earlier scandals involving crypto figures like Sam Bankman‑Fried and Gary Gensler. She suggested that the real damage comes from those who profit at others’ expense and collapse businesses without accountability. The former president announced a new gathering for token holders on April 25, sparking fresh concerns among Democratic lawmakers. They argue the event gives token owners special access to Trump, raising questions about influence peddling.Senators Elizabeth Warren, Richard Blumenthal and Adam Schiff sent a letter to Bill Zanker, the creator of the Trump memecoin. The lawmakers requested details about the upcoming gala and warned that attendees must hold TRUMP tokens to enter, implying a direct link between token ownership and access to the former president. The letter, obtained by Politico, highlighted worries that the event could be used to reward supporters with personal meetings. It also pointed out that both Trump and his relatives stand to gain from increased sales of the token, as the gala’s attendance hinges on token possession. These developments underscore growing scrutiny over political figures using cryptocurrency to raise funds and reward loyalists, a practice that may blur lines between finance and political influence.