The nonprofit consumer‑advocacy group Public Citizen released a report estimating that investors have lost at least $4.7 billion through digital‑asset ventures associated with former President Donald Trump and his family since 2022.
The report attributes the bulk of the losses to the TRUMP memecoin, where investors are said to have shed roughly $3.2 billion. Additional losses stem from the World Liberty Financial governance token, a line of Trump‑branded non‑fungible token (NFT) trading cards launched in 2022, and a digital‑asset treasury operated by Trump Media. By contrast, holders of World Liberty Financial’s USD 1 stablecoin reportedly did not experience major losses.
Public Citizen also detailed earnings credited to Trump from the same projects. The former president earned about $7.2 million in NFT licensing fees and royalties, more than $600 million from sales of the World Liberty token and an associated equity stake, $635 million in licensing fees linked to the TRUMP memecoin, and $197 million from capital contributions to World Liberty. The report notes that these figures do not include the value of stakes Trump continues to hold in related companies. In disclosures slated for 2025, Trump listed $1.4 billion in earnings tied to crypto activities.
The organization used the findings to renew calls for stricter ethics provisions in the pending Digital Asset Market Clarity (CLARITY) Act, arguing that a president’s personal crypto holdings should be divested before influencing policy. The CLARITY Act is scheduled for a cloture vote on Sept. 15, which requires a 60‑senator supermajority to proceed.
Trump recently met with executives from the crypto industry, urging a “fair version” of the CLARITY legislation as the Senate reconvenes next month. Cointelegraph sought comment from the White House but did not receive a response. A White House spokesperson has previously asserted that there are no conflicts of interest related to the former president’s crypto investments.
