Trump crypto ventures earn $2.3B, investors lose $2.3B

Cryptocurrency ventures linked to President Donald Trump and his family have generated billions in revenue while investors in those same projects have suffered substantial losses, according to a financial analysis. The review found that the Trump family's main crypto ventures have produced at least $2.3 billion in gains since his return to the White House, while investors collectively lost an estimated $2.3 billion through the end of April.

The analysis examined four ventures: World Liberty Financial, the TRUMP meme coin, AI Financial Corp. (formerly ALT5 Sigma), and American Bitcoin. It concluded that the Trump family generally risked little of its own capital while earning revenue through licensing, token sales, equity-linked arrangements, and promotional activity. Investors included retail crypto buyers, crypto-linked stockholders, and those exposed through funds tied to Trump-related assets.

World Liberty Financial, a crypto company co-founded by Eric Trump and Donald Trump Jr., accounted for the largest portion of the family's crypto revenue. The platform generated more than $1.6 billion for the family, including over $1.4 billion from sales of governance tokens, which give...