Schiff Warns of Coming Wave of Lawsuits Over Trump’s Crypto Holdings
Economist Peter Schiff claims President Donald Trump's crypto business interests may face an uptick in lawsuits from investors who lost money on cryptocurrencies linked to the President. Schiff stated that many buyers either sought political access, supported President Trump, or expected investment returns. He forecast that the last group is the one most likely to pursue legal action.
The prediction comes after a federal financial disclosure showed more than $1 billion in income tied to President Trump's crypto business interests in 2025. CIC Digital, which launched the TRUMP and MELANIA meme coin (MELANIA), earned about $636 million in meme coin royalties. World Liberty Financial (WLFI), which has been pushing major cryptocurrency players to adopt its stablecoin USD One (USD1) and recently switched up its governance protocol, generated roughly $515 million from token sales.