Public Citizen, a consumer advocacy group, says in a new report that crypto projects tied to U.S. President Donald Trump and his family have led to at least $4.7 billion in investor losses since 2022. The group said most of the losses came from the TRUMP meme coin, where investors were estimated to have lost about $3.2 billion, while buyers of World Liberty Financial’s USD1 stablecoin had not yet suffered major losses. The report also listed several sources of crypto-related income for Trump, including $7.2 million from NFT licensing fees, more than $600 million from World Liberty token sales and equity sales, $635 million from meme coin licensing fees, and $197 million from funding provided to World Liberty. Public Citizen said some of those figures were reflected in the president’s 2025 disclosure filing, which showed $1.4 billion in crypto-related income. The group renewed its call for ethics provisions to be added to the Digital Asset Market Clarity Act, or CLARITY Act, requiring a U.S. president and family members to divest industry-related projects. The bill is set for a cloture vote on Sept. 15 and needs support from at least 60 senators to move forward. White House spokesperson Anna Kelly previously said Trump’s crypto investments present “no conflict of interest.”
Public Citizen, a consumer advocacy group, said in a report that crypto projects linked to U.S. President Donald Trump and his family have caused at least $4.7 billion in investor losses since 2022.
The report said most of those losses came from the TRUMP meme coin issued by Trump, with investors losing about $3.2 billion. Buyers of World Liberty Financial’s USD1 stablecoin, by contrast, had “not yet suffered major losses.”
Report details several streams of crypto income
Public Citizen said Trump made $7.2 million from NFT licensing fees, more than $600 million from World Liberty token sales and equity sales, $635 million from meme coin licensing fees, and $197 million in income through funding provided to World Liberty.
The group said those figures do not include stakes he still holds in companies and projects. Some of the data was already included in the president’s 2025 disclosure filing, which showed $1.4 billion in crypto-related income.
Group renews call for ethics language in CLARITY Act
Public Citizen used the report to renew its call for ethics provisions in the Digital Asset Market Clarity Act, or CLARITY Act, requiring a U.S. president and family members to divest industry-related projects.
The bill is scheduled for a cloture vote on Sept. 15 and requires support from at least 60 senators to advance.
White House spokesperson Anna Kelly previously said Trump’s crypto investments present “no conflict of interest.”
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