Trump Family Crypto Gains $2.3B as Investors Lose $2.3B

A Reuters review of corporate filings, blockchain records, and investor interviews found that the Trump family has drawn at least $2.3 billion from four cryptocurrency ventures since 2024. Outside investors in those same projects lost an estimated $2.3 billion over the same period.

The ventures include World Liberty Financial, the $TRUMP meme coin, AI Financial Corp. (formerly ALT5 Sigma), and American Bitcoin. The White House rejected conflict-of-interest claims, saying President Donald Trump and his family have not engaged in conflicts of interest. World Liberty Financial described itself as a private American fintech company and defended its business practices.

World Liberty Financial generated more than $1.6 billion for the family. The bulk came from selling WLFI governance tokens starting in October 2024. Early buyers paid 1.5 cents or 5 cents per token. They received limited voting rights on platform matters; they did not receive any share of company profits. The project directed 75% of token sale revenue to DT Marks DEFI LLC, an entity tied to the Trump family.

WLFI tokens traded as high as 46 cents after launch. By late April they had fallen to around 6 cents, an 87% drop. Holders could sell no more than 20% of their initial allocation, with full unlocks later pushed to 2030. Crypto billionaire Justin Sun sued World Liberty after his holdings were frozen; World Liberty countersued for defamation.

The $TRUMP meme coin launched in January 2025 ahead of Trump's second inauguration. It peaked at $75.35 and later fell 97% from that level, according to Reuters. The family took in roughly $616 million from the token. Buyers lost more than $700 million. One investor who put in $2,000 saw the position fall below $120.

AI Financial Corp. raised $750 million in August 2025 by selling new shares. It used $717 million of that to buy World Liberty tokens. Based on the project's revenue-sharing terms, more than $500 million flowed to Trump-linked entities. Shares of ALT5 Sigma, later renamed AI Financial, slid from above $9 to 75 cents over roughly eight months. Outside investors lost an estimated $675 million.

American Bitcoin was created from Hut 8's bitcoin mining arm combined with American Data Centers, a company backed by Eric Trump and Donald Trump Jr. The stock debuted at $11 in September 2025 and dropped to $1.15 by late April 2026. Outside investor losses were estimated at more than $200 million. Eric Trump's 9% stake still carried a value above $70 million at the end of April.

Senator Elizabeth Warren, the Senate Banking Committee's ranking Democrat, has pressed for regulatory action. In May 2026 she asked SEC Chairman Paul Atkins to investigate whether World Liberty misled investors in connection with a $75 million borrowing arrangement that used its own tokens as collateral. She argued the SEC must enforce the law even when politically connected figures are involved.

Warren has also opposed crypto bills including the Digital Asset Market Clarity Act and the GENIUS Act. She said those bills do not prevent sitting officials or their families from profiting from digital assets. Her office flagged retirement account exposure after a Trump executive order allowed 401(k)s and pensions to hold alternative assets. She continues to push for anti-money-laundering rules covering DeFi, mixers, and sanctions evasion.

The Reuters examination highlights how token structures with lockup terms and revenue-sharing clauses can allow creators to capture proceeds while retail buyers absorb the downside. The White House statement rejecting conflict-of-interest claims did not address the specific findings of the report.