Public Citizen says Trump crypto ventures caused at least $4.7B in investor losses

U.S. consumer advocacy nonprofit and think tank Public Citizen claimed President Donald Trump’s cryptocurrency ventures have caused investors to lose at least $4.7 billion since 2022, Cointelegraph reported. Public Citizen cited the Trump family’s World Liberty Financial governance token WLFI, Trump NFT Trading Cards launched in 2022, the TRUMP memecoin, and Trump Media’s digital asset fund. The report said most of the estimated losses came from memecoin investments, putting those losses at $3.2 billion, while losses tied to investment in WLFI’s stablecoin USD1 were limited.