Trump-related crypto projects have caused investors to lose at least $4.7 billion, according to Public Citizen

Odaily News – U.S. President Donald Trump and his family have caused investors to lose at least $4.7 billion through digital asset projects since 2022. Consumer advocacy nonprofit organization Public Citizen stated that the relevant projects include the World Liberty Financial governance token, NFT trading cards, Official Trump (TRUMP), and the Trump Media digital asset reserve.

Among these, TRUMP investors have lost approximately $3.2 billion, while USD1 stablecoin investors have not suffered significant losses. Public Citizen noted that the losses from TRUMP are primarily reflected in wealth transfers to a small number of early buyers rather than the outright disappearance of funds. Donald Trump has also earned $7.2 million from NFT licensing fees and royalties, as well as over $600 million from World Liberty token sales and equity sales.

Public Citizen also called for the inclusion of ethical provisions in the CLARITY Act, requiring the U.S. President and his family to withdraw from related industry projects. Trump met with crypto company executives last week and urged the passage of a "fair version" of the bill. The Senate is set to vote on a procedural motion on September 15, and advancing the bill would require support from at least 60 senators. (Cointelegraph)