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Public Citizen says Trump crypto ventures left investors $4.7B underwater
Public Citizen estimates Trump’s digital asset activity left investors at least $4.7 billion underwater since 2022, even as it reported he earned money from NFTs, token sales, licensing fees, and World Liberty capital contributions.
Public Citizen said US President Donald Trump has left crypto investors at least an estimated $4.7 billion underwater since 2022 through his and his family’s digital asset ventures, even though investors in World Liberty Financial’s USD1 stablecoin “haven’t suffered major losses,” according to Cointelegraph.
The nonprofit pointed to losses tied to the World Liberty Financial governance token, Trump family NFT trading cards launched in 2022, the memecoin Official Trump (TRUMP), and Trump Media’s digital asset treasury, Cointelegraph wrote.
Public Citizen also said Trump earned money during the same period, including $7.2 million from NFT licensing fees and royalties, more than $600 million from World Liberty token sales and selling an equity stake, $635 million in licensing fees for his memecoin, and $197 million in revenue from capital contributions to World Liberty, according to the report.
Cointelegraph said it reached out to the White House for comment but did not receive an immediate response, and noted that a spokesperson has repeatedly said there were “no conflicts of interest.” The group renewed calls for ethics provisions in a cryptocurrency market structure bill, the Digital Asset Market Clarity (CLARITY) Act, arguing that a president’s policy choices and personal portfolio cannot be separated and that any legislation should require US presidents and their families to divest from projects in the industry.