Watchdog Group Says Trump’s Crypto Ventures Left Investors $4.7 Billion in Losses

A consumer advocacy nonprofit has estimated that investors in President Donald Trump’s various digital asset projects have collectively lost billions of dollars since 2022, even as the president and his family earned substantial income from the same ventures.

Breakdown of Investor Losses

Public Citizen’s analysis found that most losses trace back to the TRUMP memecoin, accounting for roughly $3.2 billion of the total shortfall. The group noted these losses largely reflect wealth shifting to early buyers rather than money disappearing outright. Other ventures contributing to the losses include Trump-branded NFT trading cards, a digital asset treasury tied to Trump Media, and the World Liberty Financial governance token — though buyers of its USD1 stablecoin were reported to have avoided major losses.

Trump’s Earnings From Crypto Ventures

While investors struggled, the report states Trump personally earned millions from NFT royalties, hundreds of millions from token sales and equity stakes, and additional licensing revenue from his memecoin — figures that don’t account for ventures he still holds a stake in.

Push for Ethics Rules in Crypto Legislation

The group is calling for conflict-of-interest safeguards to be added to pending crypto market legislation, arguing that a sitting president’s business interests and policy decisions shouldn’t overlap. A related Senate vote on the bill is expected in mid-September.