Crypto hits politics

President Donald Trump is hosting winners of his $TRUMP meme-coin contest at Mar-a-Lago on Saturday, merging a crypto promotion with a presidential appearance. (usnews.com) (usatoday.com) Reuters reported that the event offers top buyers of the $TRUMP token an audience with Trump at his Palm Beach club. The same report said the token has fallen 96% from its peak last year. (usnews.com) USA Today reported Trump returned to Palm Beach for a short weekend trip and was expected to attend the crypto gathering at Mar-a-Lago. The Washington Post described the guest list as top holders of Trump’s meme coin. (usatoday.com) (washingtonpost.com) At the same time, crypto lobbying in Washington has shifted back to the CLARITY Act, the market-structure bill that would divide oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission. More than 100 crypto firms urged the Senate this week to move on the bill. (coindesk.com) Galaxy said the House passed the CLARITY Act 294-134 in July 2025 and that the Senate Banking Committee was expected to announce a markup hearing this week, likely for the last week of April. Galaxy also said three issues remained unresolved: stablecoin yield language, decentralized-finance provisions, and securing all Republican votes on the committee. (galaxy.com) Senator Cynthia Lummis has been one of the Senate’s main negotiators on that bill. Coindesk reported in March that Lummis said the legislation should advance from committee by late April. (coindesk.com) The political backdrop is not limited to Congress. Reuters said scrutiny of the Trump family’s broader crypto ventures has intensified, with Democratic leaders calling for investigations. (thestar.com.my) Changpeng Zhao, the Binance founder known as CZ, has also been feeding the mood around the sector after posting earlier this year that artificial intelligence would make people jobless while crypto could make them “not need a job,” a line that circulated widely in crypto media. (cryptometer.io) (cointribune.com) That leaves crypto in two fights at once on April 25, 2026: one over access and influence at Mar-a-Lago, and one over whether Congress can turn years of lobbying into a market-structure law. (usnews.com) (galaxy.com)