Donald Trump is set to host a private event for the 185 largest holders of his cryptocurrency, Trump Coin, at the Trump National Club in Washington on November 22. This will be the third such gathering organized by Trump’s presidential team, which has described the event as featuring Trump and three "superstars" for an "unforgettable evening." Since the announcement, Trump Coin has seen a 2.5 percent increase in value. Similar gatherings were held earlier this year: one in April 2026 at Mar-a-Lago and another in May 2025 at the Trump National Golf Club. In January 2025, Trump launched Trump Coin by releasing 200 million units. The cryptocurrency initially rose to nearly $75 but fell sharply after Melania Trump introduced her own cryptocurrency the next day. According to CoinMarketCap, Trump Coin has lost 97 percent of its value since its launch and is now worth just over $2 as of October 2, 2025. A report by Public Citizen, published on August 27, estimated that Trump Coin has led to $3.2 billion in losses for buyers, with many investors facing significant debt. Robert Weissman, co-president of Public Citizen, criticized the upcoming November 22 dinner as "contrary to ethics" and said it "constitutes an unacceptable exploitation of his functions." He argued that people buy the cryptocurrency mainly to gain access to Trump, potentially allowing them to request favors or discuss policies with the president. Public Citizen also raised concerns about a potential conflict of interest within the Trump family, as they are involved in shaping cryptocurrency legislation. The announcement of the event comes after failed Senate negotiations on the "Clarity Act," a regulatory proposal aimed at clarifying rules for the cryptocurrency sector. Ethical concerns over Trump’s involvement in the industry have been a point of contention, with Democrats pushing to limit the president’s influence in the sector, while most Republicans in the Senate have not opposed his activities.