US consumer advocacy group Public Citizen released a report documenting at least $4.7 billion in investor losses tied to crypto ventures linked to Donald Trump and his family since 2022. Most losses remain unrealized.
The largest single loss came from the TRUMP meme coin, which Public Citizen estimated resulted in $3.2 billion in losses. The token has declined over 97% from its January 2025 all-time high of $73. Earlier this month, US Senators Elizabeth Warren and Richard Blumenthal requested that SEC Chair Paul Atkins investigate the meme coin, suggesting it may have enabled fraud or unfairly enriched people at the expense of everyday investors.
Other Trump-linked ventures documented in the report include:
- Trump Digital Trading Cards: at least $9.3 million in losses
- WLFI token: at least $1 billion underwater
- Trump Media's digital-asset treasury: $450 million in losses
- USD1: no losses estimated
According to Trump's financial disclosure released in June 2026, he made at least $1.4 billion from crypto in 2025. However, the disclosure does not indicate that he invested his own money in these ventures, according to Public Citizen.
Trump's interests in the digital trading cards, meme coin, World Liberty Financial tokens, and Trump Media are held through a revocable trust in which he is the sole donor and beneficiary. His eldest son, Donald Trump Jr., serves as the sole trustee.
The White House has stated that neither the president nor his family will engage in conflicts of interest. However, critics have raised concerns about potential loopholes in proposed crypto legislation, including the Digital Asset Market Clarity Act, that could benefit Trump's financial interests.
