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Trump's connection to crypto projects cost investors at least $4.7 billion: Public Citizen

2026-08-30 12:39:58
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Trump -linked crypto projects have caused investors to lose at least US$4.7 billion

The US consumer rights organization Public Citizen released a report stating that since 2022, crypto projects related to Donald Trump and his family have caused investors to lose at least US$4.7 billion. Most of these losses have not yet been realized.



Trump's Crypto Empire

According to "Public Citizens" estimates, investors in the Trump digital transaction card launched in December 2022 have suffered losses of at least US$9.3 million, while WLFI tokens have caused investors to lose more than US$1 billion. The biggest loss was TRUMP meme, which the organization estimates has caused investors a loss of US$3.2 billion. Since hitting an all-time high of $73 in January 2025, the token's value has evaporated by more than 97%. Earlier this month, U.S. Senators Elizabeth Warren and Richard Blumenthal asked Securities and Exchange Commission Chairman Paul Atkins to investigate the meme coin, saying it could promote fraud or unjustly enrich some people at the expense of ordinary investors.

The organization also set Trump Media Technology Group's digital asset reserves at US$450 million, while US$1 has no loss assessment, resulting in a total loss of at least US$4.7 billion. According to Trump 's latest financial disclosure released in June 2026, he made at least US$1.4 billion from cryptocurrencies in 2025. However,"Public Citizen" pointed out that the disclosure did not show that he had invested his own funds in these projects.

Although the White House claims that the president and his family have never and will not have conflicts of interest, the report states that Trump still owns and controls his businesses. The group said its shares in digital transaction cards, meme coins, two tokens from Free World Finance and Trump Media Technology Group were held through a revocable trust-the president is the sole donor and beneficiary of the trust, and its eldest son, Donald Trump Jr., serves as the sole trustee.



The transparency battle

The development of the U.S. crypto industry and the Digital Asset Markets Clarification Act continues to draw criticism over the Trump family's financial connections with digital assets. Last week, Trump met with executives of crypto companies such as Coinbase, Ripple, and Gemini at the White House and called on Congress to pass a "fair version" of the clear bill. But critics including Ben Mackenzie and Chris Van Hollen have warned that the bill may have loopholes that would allow Trump to profit from his projects.

Previously, well-known comedian and political commentator John Oliver also described cryptocurrency as "the perfect tool to send funds to the family of U.S. presidents" and said Trump is "using gray areas in the crypto field to maximize profits."

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