Trump-related cryptocurrency projects have caused investors losses of at least $4.7 billion, according to Public Citizen

Since 2022, U.S. President Donald Trump and his family have caused investors to lose at least $4.7 billion through digital asset projects. The consumer advocacy nonprofit Public Citizen stated that the related projects include World Liberty Financial governance tokens, NFT trading cards, Official Trump (TRUMP), and Trump Media digital asset reserves. Among these, TRUMP investors lost about $3.2 billion; USD1 stablecoin investors did not suffer significant losses.

Public Citizen indicated that the losses caused by TRUMP mainly reflect a transfer of wealth from at least some early buyers, rather than funds disappearing into thin air. Donald Trump also earned $7.2 million from NFT licensing fees and royalties, and over $600 million from World Liberty token sales and equity sales. Public Citizen also called for the inclusion of ethical standards in the CLARITY Act, requiring the U.S. president and his family to withdraw from related industry projects. Trump met with executives from crypto companies last week and called for the passage of a "fair version" bill, with the Senate scheduled to vote on procedural motions on September 15, requiring at least 60 senators' support for the bill to advance.