Democratic lawmakers and crypto investors have criticized cryptocurrency projects launched by or linked to former President Donald Trump, calling some of the ventures scams and examples of political corruption.
Tokens and platforms promoted by Trump or tied to his family have tumbled to record lows or are trading near their weakest levels. The Official Trump token (TRUMP), a memecoin associated with Trump, dropped to an all-time low of about $2.73 in March 2026 and was trading near $2.86, according to CoinGecko. TRUMP has plunged roughly 90% from its January 2025 peak, when it traded above $73.
World Liberty Financial (WLFI), a decentralized finance platform co-founded by Trump’s sons, issued a governance token that fell to an all-time low near $0.07. That token is down almost 75% from its September 2025 high around $0.31, per CoinMarketCap.
The sell-offs have intensified scrutiny. Professor Tonya Evans wrote on social media that while figures such as Sam Bankman-Fried or Gary Gensler harmed crypto, “it was the guy who surrounds himself with sycophants, siphons every bit of value he can for himself, and then expeditiously bankrupts companies and casinos without consequence.”
U.S. Senators Elizabeth Warren, Richard Blumenthal and Adam Schiff sent a letter to Bill Zanker, the organizer behind the Trump memecoin, seeking information about a planned Trump memecoin gala in April. Reporting by Politico noted the senators’ concern that organizers appeared to be “dangling access” to Trump and that attendees would have to hold TRUMP tokens to gain entry, raising questions about possible financial benefit to Trump and his family.
Coverage has also flagged potential insider trading and conflicts of interest tied to Trump-related crypto activities, prompting calls for answers and greater transparency.
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