US President Donald Trump is facing intensified scrutiny as cryptocurrency tokens associated with him have plummeted to record lows. The Official Trump token (TRUMP), a memecoin he promoted, dropped to an all-time low of approximately $2.73 in March 2026, currently trading around $2.86. Similarly, the governance token from World Liberty Financial (WLFI), co-founded by Trump’s sons, fell to $0.07, marking a nearly 75% decline from its peak of $0.31 in September 2025. Critics, including Professor Tonya Evans, have pointed to Trump's influence as harmful to the crypto industry, suggesting that his actions have led to significant losses for investors. Amidst this turmoil, Trump announced a gala for token holders scheduled for April 25, which has drawn ire from Democratic lawmakers who accuse him of influence peddling by granting token holders special access to him. Senators Elizabeth Warren, Richard Blumenthal, and Adam Schiff have demanded details from Bill Zanker, the creator of the TRUMP token, regarding the gala's intentions, expressing concern over potential conflicts of interest and insider trading implications.