Trump's Crypto Ventures Linked to $4.7B in Investor Losses
A new report from Public Citizen, a U.S. consumer advocacy nonprofit and think tank, claims that President Donald Trump's cryptocurrency ventures have resulted in at least $4.7 billion in investor losses since 2022.
The analysis covers several projects tied to the Trump family, including the World Liberty Financial governance token WLFI, Trump NFT Trading Cards, the TRUMP memecoin, and Trump Media's digital asset fund.
The report notes that the bulk of the losses stem from memecoin investments, which account for an estimated $3.2 billion of the total, highlighting the high-risk nature of celebrity-endorsed crypto tokens.