Trump family's crypto haul tops $2.3B as watchdogs face pressure over investor losses

CoinDesk reports that the Trump family has taken in at least $2.3 billion from four major cryptocurrency ventures, while outside investors estimate losses nearing the same magnitude. Drawing on blockchain data, corporate filings and investor interviews, the report details income tied to political branding, token sales and public-market listings. World Liberty Financial is described as the family's largest crypto earner. The outlet estimates the project delivered more than $1.6 billion to the family, largely through sales of governance tokens. Tokens began selling in October 2024, with early buyers paying 1.5 cents or 5 cents for limited voting rights and no claim on company profits. Project documents indicate 75% of token-sale proceeds flowed to DT Marks DEFI LLC, an entity linked to the Trump family. As of April 30, investors connected to the World Liberty token were estimated to be down about $674 million. The token peaked at 46 cents before sliding to roughly 6 cents, an 87% drop from the high. The $TRUMP meme coin is another major revenue stream. Launched in January 2025, it briefly surged to $75.35 before falling sharply. The report estimates it generated about $616 million for the Trump family, while buyers racked up losses exceeding $700 million. The accounting also includes AI Financial Corp. (formerly ALT5 Sigma) and American Bitcoin. AI Financial raised $750 million in August 2025 and used $717 million to buy World Liberty tokens. American Bitcoin reached public markets via transactions involving Hut 8's mining operations and American Data Centers, and its share price fell steeply after listing. Sen. Elizabeth Warren has been among the most outspoken critics, urging SEC Chair Paul Atkins to examine whether World Liberty misled investors in a $75 million loan arrangement backed by its own tokens. She has also opposed several crypto bills, arguing current drafts do not adequately prevent sitting officials and their families from profiting from the industry. The White House denied any conflict of interest, and World Liberty said it is a private fintech firm entitled to operate. CoinDesk says the debate is widening beyond questions of family wealth to include stablecoins, token sales and where regulators should draw the line for digital-asset oversight.