Trump-Linked Crypto Ventures Leave Investors at Least $4.7B Underwater: Public Citizen

US shopper advocacy group Public Citizen reported that crypto ventures linked to Donald Trump and his household have left buyers with at least $4.7 billion underwater since 2022.

Most of the losses stay unrealized.

Trump’s Crypto Empire

Public Citizen estimated that buyers in Trump Digital Trading Cards, launched in December 2022, have suffered at least $9.3 million in losses, whereas the WLFI token has left buyers at least $1 billion underwater.

The largest quantity got here from the TRUMP meme coin, which Public Citizen estimated had resulted in $3.2 billion in losses for buyers. Since its all-time high of $73 again in January 2025, the token has misplaced over 97% of its worth. Earlier this month, US Senators Elizabeth Warren and Richard Blumenthal asked SEC Chair Paul Atkins to research the meme coin. They mentioned that it might have enabled fraud or unfairly enriched folks at the expense of on a regular basis buyers.

The advocacy group put losses tied to Trump Media’s digital-asset treasury at $450 million, whereas it estimated no losses for USD1, which brings the whole to at least $4.7 billion.

Trump is claimed to have made at least $1.4 billion from crypto in 2025, based mostly on his newest monetary disclosure launched in June 2026. But the disclosure doesn’t point out that he invested any of his personal cash in these ventures, in keeping with Public Citizen.

While the White House has mentioned neither the president nor his household have engaged or will have interaction in conflicts of curiosity, the report mentioned Trump continues to personal and management his companies. The group mentioned his stakes within the digital buying and selling playing cards, the meme coin, World Liberty Financial’s two tokens, in addition to Trump Media & Technology Group, are held by a revocable belief by which the president is the only real donor and beneficiary. His eldest baby, Donald Trump Jr., in the meantime, serves as the only real trustee.

Clash Over Clarity

The push to strengthen the US crypto business and advance the Digital Asset Market Clarity Act has continued to attract criticism over the household’s monetary ties to digital belongings. Last week, Trump met with executives from Coinbase, Ripple, Gemini, and different crypto companies at the White House, calling on Congress to cross a “truthful model” of CLARITY whereas including that it will assist preserve the US forward of China.

But critics, together with Ben McKenzie and Chris Van Hollen, warned that the invoice may go away loopholes permitting Trump to revenue from his ventures.

Previously, distinguished comic and political commentator John Oliver additionally described crypto as “an ideal car to funnel cash” to the US President’s household, whereas including that Trump is “exploiting crypto sketchiness for optimum revenue.”

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