The TRUMP meme coin accounts for an estimated $3.2 billion in investor losses, in line with Public Citizen’s newest report.
US client advocacy group Public Citizen reported that crypto ventures linked to Donald Trump and his household have left traders with at the least $4.7 billion underwater since 2022.
Many of the losses stay unrealized.
Trump’s Crypto Empire
Public Citizen estimated that traders in Trump Digital Buying and selling Playing cards, launched in December 2022, have suffered at the least $9.3 million in losses, whereas the WLFI token has left traders at the least $1 billion underwater.
The most important quantity got here from the TRUMP meme coin, which Public Citizen estimated had resulted in $3.2 billion in losses for traders. Since its all-time excessive 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 analyze the meme coin. They mentioned that it might have enabled fraud or unfairly enriched individuals on the expense of on a regular basis traders.
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 full to at the least $4.7 billion.
Trump is alleged to have made at the least $1.4 billion from crypto in 2025, based mostly on his newest monetary disclosure launched in June 2026. However the disclosure doesn’t point out that he invested any of his personal cash in these ventures, in line with Public Citizen.
Whereas the White Home has mentioned neither the president nor his household have engaged or will interact 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 Monetary’s two tokens, in addition to Trump Media & Know-how Group, are held via a revocable belief wherein the president is the only real donor and beneficiary. His eldest little one, Donald Trump Jr., in the meantime, serves as the only real trustee.
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Conflict Over Readability
The push to strengthen the US crypto business and advance the Digital Asset Market Readability Act has continued to attract criticism over the household’s monetary ties to digital property. Final week, Trump met with executives from Coinbase, Ripple, Gemini, and different crypto companies on the White Home, calling on Congress to move a “truthful model” of CLARITY whereas including that it will assist hold the US forward of China.
However critics, together with Ben McKenzie and Chris Van Hollen, warned that the invoice may depart loopholes permitting Trump to revenue from his ventures.
Beforehand, outstanding comic and political commentator John Oliver additionally described crypto as “an ideal automobile to funnel cash” to the US President’s household, whereas including that Trump is “exploiting crypto sketchiness for max revenue.”
