Trump's Crypto Schemes Leave Investors Reeling with $4.7 Billion Loss

A report by Public Citizen estimates that President Donald Trump's cryptocurrency products have left investors at least $4.7 billion in the hole.

The majority of those losses come from investments into Trump's personal meme coin, which he launched three days before his second term began.

The value of the meme coin peaked at over $73 per token two days after its launch but has since plummeted to around $2.

A small group of early investors made a killing on the tokens while most others racked up losses totaling at least $3.2 billion.