Donald Trump family earns $2.3 billion from crypto projects as investors lose similar sum

An investigation found that the family of former U.S. President Donald Trump earned at least $2.3 billion from four cryptocurrency ventures—World Liberty Financial, the meme token $TRUMP, American Bitcoin and AI Financial Corp—by promoting them with the Trump name and political influence. More than one million retail investors suffered comparable losses, with individual cases such as a Californian who invested $2,000 in $TRUMP seeing the value fall to less than $120.

Experts in government ethics label the scheme a major conflict of interest, noting that the Trump administration both promoted and regulated the crypto sector from which the family profited. The White House rejects the allegations, stating all actions are taken in the public interest.